South Dakota Codified Laws 11-9-28. Payment to municipality of allocable tax increment
Current as of: 2023 | Check for updates
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Notwithstanding any other provision of law, each officer charged by law to collect and pay over or retain local real property taxes shall first, on the next settlement date provided by law, pay over to the municipal treasurer or finance officer out of all taxes collected that portion that represents a tax increment allocable to the municipality.
Terms Used In South Dakota Codified Laws 11-9-28
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Source: SL 1978, ch. 91, § 17; SL 2018, ch 70, § 30.