Section 10-39A-1.1 – Definition of terms.
10-39A-1.1. Definition of terms. Terms used in this chapter mean: (1)”Energy minerals,” any mineral fuel including coal, lignite, petroleum, oil, natural gas, uranium, and thorium and any combination of minerals used in the production of energy; (2)”Market value,” the price at which the property would change hands between a willing buyer and willing seller, neither […]
Section 10-39A-2 – Taxable value based on sale price or market value–Governmental royalty interests deducted.
10-39A-2. Taxable value based on sale price or market value–Governmental royalty interests deducted. Except as otherwise provided in this chapter, the taxable value of any energy mineral which has been sold is the sale price of such mineral less any rental or royalty payment belonging to the United States or the State of South Dakota […]
Section 10-39A-2.1 – Posted field price as taxable value.
10-39A-2.1. Posted field price as taxable value. When any energy mineral has a posted field price at the point of productions, the taxable value of such mineral is the posted field price. Source: SL 1978, ch 81, §5.
Section 10-39A-2.2 – Uranium ore taxed on triuranium octa-oxide content.
10-39A-2.2. Uranium ore taxed on triuranium octa-oxide content. The taxable value of severed and saved uranium-bearing material is the sales price per pound of the content of triuranium octa-oxide contained in the severed and saved uranium ore or processed yellow-cake concentrate, regardless of the form in which the product is actually disposed of. However, if […]
Section 10-39A-3.1 – Point of imposition of severance tax.
10-39A-3.1. Point of imposition of severance tax. An energy mineral is subject to the severance tax when it is sold or consumed, whichever occurs first. Source: SL 1978, ch 81, §7; SL 1991, ch 93.
Section 10-39A-4 – Operator to be designated to file returns and pay tax–Tax withheld from owner–Designated operator.
10-39A-4. Operator to be designated to file returns and pay tax–Tax withheld from owner–Designated operator. Each owner of interests in energy minerals produced from a single well or mine shall designate an operator to file all required returns and to pay the tax due under this chapter. The tax, subject to any provisions to the […]