State of South Dakota
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EIGHTY-SEVENTH SESSION LEGISLATIVE ASSEMBLY, 2012 |
861T0642 | SENATE BILL NO. 96 |
Introduced by: Senator Maher and Representative Brunner
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been paid.
Section 3. That § 10-6-3.1 be amended to read as follows:
10-6-3.1. For purposes of taxation of leased school and endowment lands and mineral rights
leases, the assessment date shall be June first and the valuation date the preceding November
first.
Section 4. That § 10-6-31.2 be amended to read as follows:
10-6-31.2. Leased school and endowment lands and mineral rights leases as provided in
chapter 5-11 are hereby separately classified for the purpose of taxation.
Section 5. That § 10-6-33.5 be amended to read as follows:
10-6-33.5. The assessment, valuation, equalization, and taxation of school and endowment
lands shall be at the same level and on the same basis as lands assessed, valued, and equalized
according to §§ 10-6-33.28 to 10-6-33.33, inclusive. The assessment, valuation, equalization,
and taxation of school and endowment mineral rights leases shall be determined by the value
of the mineral rights leases.