49-37-14. Computation and payment of tax.For the purpose of determining the occupational excise tax levied by §49-37-13:(1)All property owned, leased, operated, or controlled by any district shall be assessed and the tax equivalent computed, collected, paid, and apportioned in the same manner and for the same purposes as may now or hereafter be provided by law for the assessment and taxation of similar property similarly used by a private electric public utility; and(2)Each district shall comply in the same manner and for the same purposes as may now or hereafter be provided by law for the return, assessment, collection, payment, and apportionment of all occupational, privilege, excise, or special assessment taxes, or licenses, levied or imposed upon any person, partnership, limited liability company, association, or private corporation engaged in a similar business. Source: SL 1950 (SS), ch 17, §66; SDC Supp 1960, §52.1765; SL 1994, ch 351, §139.
South Dakota Legal Code