Section 10-33-21 - Companies taxed on gross receipts--Rate--Minimum tax. - South Dakota Statutes

10-33-21. Companies taxed on gross receipts--Rate--Minimum tax. All persons, corporations, cooperatives, and associations engaged in furnishing and providing telephone and exchange service comprising rental and toll service by means of wired circuits and otherwise and whose annual gross receipts are less than seventy-five million dollars shall be taxed on the basis of gross receipts at the rate of four percent.
However, no telephone company operating in this state may be taxed less than an amount equal to fifty cents per year per telephone serviced.

Source: SL 1955, ch 423, § 1; SDC Supp 1960, § 57.1808; SL 1965, ch 287, § 2; SL 1974, ch 94, § 1; SL 1980, ch 86; SL 2002, ch 58, § 1; SL 2003, ch 272, § 82; SL 2004, ch 89, § 1; SL 2009, ch 46, § 1.