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South Dakota Codified Laws — Title 10 (Taxation)

SDCL § 10-43-91

Tax on trustee of extended term trust

Official textsdlegislature.gov

Any corporation, limited liability company, partnership, or other business entity which serves as a trustee or co - trustee for an extended term trust, which trust has a situs for state income tax purposes in the State of South Dakota, is subject to the South Dakota income tax on banks and financial corporations as set forth in chapter 10-43 and if the trustee has not been authorized to accept deposits by the South Dakota director of banking, the comptroller of the currency, the Office of Thrift Supervision, or the Federal Deposit Insurance Corporation, the trustee is deemed to be a financial institution as described in § 10-43-88 and is subject to the minimum tax set forth in § 10-43-90 .

Last amended: Source: SL 1997, ch 272 , § 4.

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In this chapter (40 sections)
  1. 10-43-31 · 10-43-31, 10-43-32. Repealed by SL 2016, ch 62, §§ 12, 13
  2. 10-43-33 · 10-43-33. Repealed by SL 1977, ch 96, § 20
  3. 10-43-34 · Final return on dissolution
  4. 10-43-35 · 10-43-35. Repealed by SL 1977, ch 96, § 20
  5. 10-43-36 · Consolidated report of related corporations
  6. 10-43-37 · 10-43-37. Repealed by SL 1978, ch 83, § 4
  7. 10-43-38 · 10-43-38 to 10-43-42. Repealed by SL 1977, ch 96, § 20
  8. 10-43-43 · 10-43-43. Repealed by SL 1977, ch 96, § 20
  9. 10-43-44 · 10-43-44, 10-43-45. Repealed by SL 1977, ch 96, § 20
  10. 10-43-46 · False or fraudulent return or information with intent to…
  11. 10-43-47 · 10-43-47. Repealed by SL 1977, ch 96, § 20
  12. 10-43-48 · 10-43-48. Repealed by SL 1978, ch 70, § 6
  13. 10-43-49 · 10-43-49. Repealed by SL 1977, ch 96, § 20
  14. 10-43-50 · 10-43-50. Repealed by SL 2016, ch 63, § 4
  15. 10-43-51 · 10-43-51, 10-43-51.1. Repealed by SL 2016, ch 63, §§ 5, 6
  16. 10-43-52 · 10-43-52, 10-43-53. Superseded
  17. 10-43-54 · 10-43-54. Repealed by SL 2019, ch 64, § 1
  18. 10-43-55 · 10-43-55. Repealed by SL 2016, ch 63, § 7
  19. 10-43-56 · 10-43-56 to 10-43-59. Repealed by SL 1977, ch 96, § 20
  20. 10-43-60 · 10-43-60. Repealed by SL 2016, ch 63, § 8
  21. 10-43-61 · 10-43-61. Repealed by SL 1977, ch 96, § 20
  22. 10-43-62 · 10-43-62 to 10-43-67. Repealed by SL 2016, ch 62, §§ 17 to 22
  23. 10-43-68 · 10-43-68. Repealed by SL 1977, ch 96, § 20
  24. 10-43-69 · 10-43-69 to 10-43-72. Repealed by SL 2016, ch 62, §§ 23 to 26
  25. 10-43-73 · Tax payment as condition precedent to doing…
  26. 10-43-74 · 10-43-74. Repealed by SL 1982, ch 86, § 32
  27. 10-43-75 · 10-43-75. Repealed by SL 1977, ch 96, § 20
  28. 10-43-76 · Percentage of proceeds retained by state--Payment of…
  29. 10-43-77 · Apportionment of funds among taxing subdivisions
  30. 10-43-78 · 10-43-78. Repealed by SL 2016, ch 62, § 29
  31. 10-43-79 · 10-43-79 to 10-43-81. Repealed by SL 1997, ch 66, §§ 1 to 3
  32. 10-43-82 · 10-43-82. Repealed by SL 2016, ch 62, § 30
  33. 10-43-83 · 10-43-83 to 10-43-87. Repealed by SL 1997, ch 66, §§ 5 to 10
  34. 10-43-88 · Financial institution authorized to engage in trust business
  35. 10-43-89 · Tax on financial institutions engaging in trust business
  36. 10-43-90 · Determining minimum tax imposed upon financial institutions…
  37. 10-43-91 · Tax on trustee of extended term trust
  38. 10-43-92 · Extended term trust defined
  39. 10-43-93 · 10-43-93. Repealed by SL 2009, ch 39, § 13
  40. 10-43-94 · Entities exempt from payment of tax
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