South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:26:03:11 — Dividends received from other financial institutions

64:26:03:11. Dividends
received from other financial institutions. Dividends received from other
financial institutions which are subject to the South Dakota tax on financial
institutions shall be subtracted from net income, provided such dividends were not
excluded in determining federal taxable income.

Last amended: Source: 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987. General Authority: SDCL 10-43-42.1. Law Implemented: SDCL 10-43-10.3.

Source: official text