10-45-12.4. Certain services provided to rural water system by wholly owned cooperative or nonprofit corporation exempt from tax.There are specifically exempted from the provisions of this chapter and from the computation of the tax imposed by it, gross receipts from management, billing, bookkeeping, administrative, and related services provided to a rural water system by any cooperative or nonprofit corporation which is wholly owned by the water systems receiving such services. Source: SL 1986, ch 102.
South Dakota Legal Code