State Codes and Statutes

Statutes > South-dakota > Title-10 > Chapter-35 > Statute-10-35-1-10

10-35-1.10. Promulgation of rules on environmental upgrade exemption. The secretary of the Department of Revenue and Regulation may promulgate rules, pursuant to chapter 1-26, concerning this exemption to:
(1) Specify the real and personal property that makes up an environmental upgrade;
(2) Determine the original and depreciated cost of the environmental upgrade;
(3) Establish a procedure to calculate the effect of the exemption upon the assessed value of the coal-fired power plant; and
(4) Allocate the exemption between the ownership of the coal-fired power plant.

Source: SL 2006, ch 44, § 4.

State Codes and Statutes

Statutes > South-dakota > Title-10 > Chapter-35 > Statute-10-35-1-10

10-35-1.10. Promulgation of rules on environmental upgrade exemption. The secretary of the Department of Revenue and Regulation may promulgate rules, pursuant to chapter 1-26, concerning this exemption to:
(1) Specify the real and personal property that makes up an environmental upgrade;
(2) Determine the original and depreciated cost of the environmental upgrade;
(3) Establish a procedure to calculate the effect of the exemption upon the assessed value of the coal-fired power plant; and
(4) Allocate the exemption between the ownership of the coal-fired power plant.

Source: SL 2006, ch 44, § 4.