55-13-11. Other property subject to depletion.
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/sd/title-55/chapter-55-13/55-13-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in §§ 55-13-9 and 55-13-10 , if the principal consists of property subject to depletion, including leaseholds, patents, copyrights, royalty rights, and rights to receive payments on a contract for deferred compensation, receipts from the property, not in excess of five percent per year of its inventory value, are income, and the balance is principal.