Section 10-40A-3 - Estate tax equal to federal death tax credit--Reduction for taxes imposed by otherstates. - South Dakota Statutes

10-40A-3. Estate tax equal to federal death tax credit--Reduction for taxes imposed by other states. The tax imposed by § 10-40A-2 shall be against the estate of every decedent who was a resident of this state on the transfer of his estate in an amount, which, together with any other state death taxes imposed by this state on the estate, equals the amount of the death tax credit. The tax shall be reduced by any state death taxes other than "pick-up" taxes imposed by any other state in respect to any property included in a decedent's gross estate.

Source: SL 1979, ch 81, §§ 3, 4; SL 1985, ch 82, § 1.