South Dakota Codified Laws 10-28-24. Exemption of railroad companies operating over state-owned rail lines
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Any railroad company operating over state–owned rail lines while under contract to the state is exempt from the provisions of chapter 10-28 only for purposes of assessment and taxation of railroad property.
Terms Used In South Dakota Codified Laws 10-28-24
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1981, ch 331, § 13.