Section 42-7A-63 - State's percentage of net machine income--Deposit into property tax reduction fundand in video lottery operating fund. - South Dakota Statutes

42-7A-63. State's percentage of net machine income--Deposit into property tax reduction fund and in video lottery operating fund. The commission shall maximize revenues to the state from video lottery. The state's percentage of net machine income shall be fifty percent. The state's percentage of net machine income shall be directly deposited to the property tax reduction fund, except for one-half of one percent of net machine income authorized for deposit into the video lottery operating fund. The effective date of this section is July 1, 1996.

Source: SL 1993, ch 318, § 3; SL 1994, ch 330; SL 1995, ch 243, § 2; SL 1996, ch 72, § 2B.