South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:41:01:06 — Property leased for three or more years

If
property is leased for a term of three years or more by a railroad company, the
leasehold interest of the lessee is subject to assessment by the local
assessor. The assessment shall be made to the lessee and not to the railroad
company.

Last amended: Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995. General Authority: SDCL 10-28-25. Law Implemented: SDCL 10-4-23.

Source: official text