South Dakota Codified Laws 35-4-2.11. Distribution of license and transfer fees and penalties
Current as of: 2023 | Check for updates
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Fifty percent of all license and transfer fees received pursuant to subdivision 35-4-2(16) shall remain in the municipality in which the licensee paying the fee is located. If the licensee is located outside the corporate limits of a municipality, fifty percent of the fees remain in the county in which the licensee is located. The remainder of all license and transfer fees and penalties received shall be credited to the state general fund.
Terms Used In South Dakota Codified Laws 35-4-2.11
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Source: SL 2010, ch 180, § 50; SL 2011, ch 172, § 3; SL 2018, ch 213, § 52.