Section 10-35-17 - Alternative annual tax on wind farm property. - South Dakota Statutes

10-35-17. Alternative annual tax on wind farm property. Any company owning or holding under lease, or otherwise, real or personal property used, or intended for use, as a wind farm producing power for the first time on or after July 1, 2007, shall pay the alternative annual taxes provided in §§ 10-35-18 and 10-35-19. The alternative taxes imposed by §§ 10-35-18 and 10-35-19 are in lieu of all taxes levied by the state, counties, municipalities, school districts, or other political subdivisions of the state on the personal and real property of the company which is used or intended for use as a wind farm, but are not in lieu of the retail sales and service tax imposed by chapter 10-45, the use tax imposed by chapter 10-46, or any other tax.

Source: SL 2008, ch 49, § 2.