Section 10-38-1 - Opportunity for hearing before Department of Revenue and Regulation--Purpose ofhearings--Notice to taxpayer. - South Dakota Statutes

10-38-1. Opportunity for hearing before Department of Revenue and Regulation--Purpose of hearings--Notice to taxpayer. All utilities assessed by the Department of Revenue and Regulation shall have an opportunity for a hearing before the department during the months of June and July, for the purpose of determining the fair market value of the utilities or of obtaining additional information or of making corrections on the reports of utilities as previously submitted. The hearings prescribed by this section shall be held upon ten days' notice to the utility concerned and subsequent to the hearing the Department of Revenue and Regulation shall notify the company, in writing, of the amount of its taxable gross receipts or fair market value for the year.

Source: SL 1963, ch 295, § 2; SL 1997, ch 61, § 11; SL 2003, ch 272, § 82.