Section 10-43-23.1 - Property factor. - South Dakota Statutes

10-43-23.1. Property factor. The property factor used in § 10-43-22.1 is a fraction, the numerator of which is the average value of the financial institution's real and tangible property owned or rented and used in this state during the tax period and the denominator of which is the average value of all the financial institution's real and tangible personal property owned or rented and used during the tax period in all the states of the United States, the District of Columbia, and any territory or political subdivision thereof.

Source: SL 1977, ch 96, § 6.