Section 10-4-42 – Renewable resource defined.
10-4-42. Renewable resource defined. For purposes of §§10-4-42 to 10-4-45, inclusive, a renewable resource is a resource that generates electricity or energy from facilities using one or more of the following sources: (1)Wind that uses wind as the source of energy to produce electricity; (2)Solar that uses the sun as the source of energy to […]
Section 10-4-43 – Renewable energy facility defined.
10-4-43. Renewable energy facility defined. For purposes of §§10-4-42 to 10-4-45, inclusive, a renewable energy facility is a facility that uses a renewable resource as its energy source for the purpose of producing electricity or energy. Source: SL 2010, ch 47, §2.
Section 10-4-44 – Renewable energy facilities with less than five megawatts of nameplate capacity classified–Property taxable–Exemption.
10-4-44. Renewable energy facilities with less than five megawatts of nameplate capacity classified–Property taxable–Exemption. For renewable energy facilities with less than five megawatts of nameplate capacity, all real property used or constructed for the purpose of producing electricity using a renewable resource as an energy source is classified for tax purposes as renewable energy property […]
Section 10-4-45 – Renewable energy property not subject to discretionary formulas.
10-4-45. Renewable energy property not subject to discretionary formulas. Renewable energy property is not subject to any discretionary formulas authorized by this title. Source: SL 2010, ch 47, §4.
Section 10-4-46 – Labor union property used exclusively for educational purpose exempt.
10-4-46. Labor union property used exclusively for educational purpose exempt. All property or any portion thereof owned by a labor union and used exclusively for an educational purpose is exempt from taxation. To receive the exemption, a labor union shall be recognized as an exempt organization under section 501(c)(5) of the United States Internal Revenue […]
Section 10-4-41 – Partial exemption for owner-occupied dwellings of surviving spouses of certain veterans.
10-4-41. Partial exemption for owner-occupied dwellings of surviving spouses of certain veterans. One hundred fifty thousand dollars of the full and true value of the total amount of a dwelling, or portion thereof, classified as owner-occupied pursuant to §§10-13-39 to 10-13-40.4, inclusive, is exempt from property taxation if owned and occupied by: (1)The surviving spouse […]
Section 10-4-22 – Effective date of change in tax-exempt status.
10-4-22. Effective date of change in tax-exempt status. Any review or recommendation for a change in the tax-exempt status shall not become effective until the final determination, including appeal, has been made and the effective date shall then be January first, following such final date. Source: SDC 1939, §57.0311 as added by SL 1967, ch […]
Section 10-4-23 – Tax-exempt and railroad property taxed to long-term lessee or contract purchaser.
10-4-23. Tax-exempt and railroad property taxed to long-term lessee or contract purchaser. Property held under a lease for a term of three or more years, or a contract for the purchase thereof, belonging to the state or to any religious, scientific, or benevolent society or institution, whether incorporated or unincorporated, or to any railroad company […]
Section 10-4-24 – Homestead exempt from state taxes–Description of homestead included in assessment statement–Apportionment of value.
10-4-24. Homestead exempt from state taxes–Description of homestead included in assessment statement–Apportionment of value. The homestead as defined by law, except a homestead consisting of a mobile home, when owned and occupied by the owner and his family as a home at the time of assessment shall be exempt from any tax imposed by the […]
Section 10-4-24.9 – Paraplegic dwellings specially classified for tax purposes–Lands included.
10-4-24.9. Paraplegic dwellings specially classified for tax purposes–Lands included. All dwellings or parts of multiple family dwellings which are specifically designed for use by paraplegics as wheelchair homes are hereby specifically classified for the purposes of taxation. For purposes of this section and §10-4-24.10, the term, dwellings, shall include real estate in an amount not […]