Section 10-33-14 - Valuation of property by public utilities commission--Access to records and property. - South Dakota Statutes

10-33-14. Valuation of property by public utilities commission--Access to records and property. For the purpose of aiding the Department of Revenue and Regulation in making an assessment of the property of telephone companies, it is hereby made the duty of the Public Utilities Commission to collect information and facts concerning the value of property of each telephone company in this state, including the value of the franchises, if any, and to make an estimate of the value thereof, and to make and file with the Department of Revenue and Regulation, on or before the first day of June of each year, a written and detailed report of such facts, information, and estimate, and for the purpose of securing facts and information such commission is authorized to inspect the books, records, and property of such companies, and employ an expert when deemed necessary, whose compensation shall first be fixed by such public utilities commission. Failure to furnish such report, however, shall in no manner invalidate the assessment or tax.

Source: SDC 1939, § 57.1803; SL 2003, ch 272, § 82.