§ 64:27:01:15

ARSD 64:27:01:15

Leasing expenditures deductible.

Effective Jul 1, 199521 SDR 219Source: 2 SDR 21, effective September 18, 1975; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995. | General Authority: SDCL 10-39-49. | Law Implemented: SDCL 10-39-45.2(1).

Cost of leasing or renting property for the purpose of extracting minerals or mineral products is deductible as a cost of extraction.

Source: 2 SDR 21, effective September 18, 1975; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995.

General Authority: SDCL 10-39-49.

Law Implemented: SDCL 10-39-45.2(1).