10-35-1.10. Promulgation of rules on environmental upgrade exemption.
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/sd/title-10/chapter-10-35/10-35-1-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The secretary of the Department of Revenue 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.