Section 10-29-16.1 - Reassessment and reapportionment after gross error. - South Dakota Statutes

10-29-16.1. Reassessment and reapportionment after gross error. Whenever it is found by the Department of Revenue and Regulation, charged with the assessment of airline flight property under the provisions of this chapter, that there has been a gross error in the report or assessment of an airline company which produces an inequality in the valuation or apportionment of the flight property of such company, at any time within three years after the date of assessment; the Department of Revenue and Regulation shall reassess the said property and reapportion the same to the several municipalities involved, and certify the same thereto.

Source: SL 1970, ch 80, § 1; SL 2003, ch 272, § 82.