State Codes and Statutes

State Codes and Statutes

Statutes > South-dakota > Title-10 > Chapter-38 > Statute-10-38-14

10-38-14. Secretary of revenue and regulation to redetermine tax when set aside by court. If any tax assessment or tax assessed or levied originally and directly by the Department of Revenue and Regulation is adjudged illegal and nonenforceable, or set aside by any court of competent jurisdiction, the secretary of revenue and regulation, whether any part of the taxes assessed or levied has been paid or not, shall reascertain and redetermine the fair market value of all the taxable property of the utility.

Source: SL 1939, ch 281, § 1; SDC Supp 1960, § 57.0207; SL 1994, ch 73, § 38; SL 1997, ch 61, § 12; SL 2003, ch 272, § 82.