10-43-94. Entities exempt from payment of tax.
78 words·~1 min read·
/sd/title-10/chapter-10-43/10-43-94·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The State of South Dakota, any political subdivision of the state, and any quasi-governmental organization created by an executive order of the State of South Dakota and any subsidiary of such organization; any nonprofit United States Treasury Community Development Financial Institution, Small Business Administration Certified Development Company, or Regional Revolving Loan Fund; or any commercial club, chamber of commerce, or industrial development corporation formed pursuant to § 9-12-11 or 9-27-37 is exempt from the payment of this tax.