Section 61-5A-6 - Election by nonprofit organization to make payments in lieu of contributions--Minimum period of election. - South Dakota Statutes

61-5A-6. Election by nonprofit organization to make payments in lieu of contributions--Minimum period of election. Any nonprofit organization which is, or becomes, subject to this title on January 1, 1972 may elect to become liable for payments in lieu of contributions for a period of not less than two taxable years beginning with January 1, 1972 provided it files with the department a written notice of its election within the thirty-day period immediately following such date.

Source: SL 1971, ch 276, § 52.