Section 47-22-68.1 - Restrictions on private foundations--Definition of terms. - South Dakota Statutes

47-22-68.1. Restrictions on private foundations--Definition of terms. Terms as used in §§ 47-22-68.1 to 47-22-68.9, inclusive, shall have the following meaning:
(1) "Excess business holdings," as defined in section 4943(c) of the Internal Revenue Code;
(2) "Internal Revenue Code," the United States Internal Revenue Code of 1954, as amended;
(3) "Private foundation," as defined in section 509(a) of the Internal Revenue Code;
(4) "Self-dealing," as defined in section 4941(d) of the Internal Revenue Code;
(5) "Taxable expenditure," as defined in section 4945(d) of the Internal Revenue Code.

Source: SL 1972, ch 244, § 1.