S.D. Codified Laws ch. 10-43 – Income Tax on Banks and Financial Corporations | Midpage

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South Dakota Codified Laws

Chapter 10-43

S.D. Codified Laws ch. 10-43

Income Tax on Banks and Financial Corporations

10-43-1Definition of terms.10-43-2Tax imposed on financial institutions.10-43-4Time of liability for tax--Rate of tax--Minimum.10-43-5Income tax in lieu of other taxes.10-43-610-43-6 to 10-43-10. Repealed by SL 1977, ch 96, § 20.10-43-10.1Net income defined.10-43-10.2Additions to taxable income.10-43-10.3Subtractions from taxable income.10-43-10.4Carryback of net operating losses not deductible.10-43-10.5Carryforward of net operating losses deductible.10-43-1210-43-12 to 10-43-22. Repealed by SL 1977, ch 96, § 20.10-43-22.1Tax limited to income from business within state--Formula for net income apportionment.10-43-23.1Property factor.10-43-23.2Valuation of property owned or rented--Net annual rental rate.10-43-23.3Average value determination.10-43-24.1Payroll factor.10-43-24.2Compensation paid in state.10-43-25.1Receipts factor.10-43-25.2Interest, fees, and penalties in nature of interest, discount, and net gain from loans included in numerator.10-43-25.3Fees, commissions, service charges, and other receipts included in numerator.10-43-25.4Rental property receipts included in numerator.10-43-25.5Interest, dividends, and net gains from securities transactions included in numerator.10-43-25.6Receipts from securities used to maintain reserves against deposits included in numerator.10-43-25.7Receipts from securities held or pledged for public or trust funds included in numerator.10-43-25.8Affiliated service income included in numerator.10-43-25.9Affiliated service income defined.10-43-2610-43-26 to 10-43-29. Repealed by SL 1977, ch 96, § 20.10-43-29.1Alternative apportionment methods.10-43-30Time for filing annual return and paying tax--Penalty and interest for delinquency.10-43-30.1Extension of time to file return--Conditions--Interest.10-43-3110-43-31, 10-43-32. Repealed by SL 2016, ch 62, §§ 12, 13.10-43-34Final return on dissolution.10-43-36Consolidated report of related corporations.10-43-3810-43-38 to 10-43-42. Repealed by SL 1977, ch 96, § 20.10-43-42.1Administration of chapter by secretary of revenue--Promulgation of rules.10-43-43.1Records kept by taxpayers--Inspection by secretary--Out-of-state records.10-43-4410-43-44, 10-43-45. Repealed by SL 1977, ch 96, § 20.10-43-46False or fraudulent return or information with intent to evade legal requirements as misdemeanor--Civil penalty.10-43-50.1Supplementary return required for taxable income increase due to federal adjustment--Payment of additional tax and interest.10-43-50.2Supplementary return for taxable income decrease due to federal adjustment--Refund for overpayment.10-43-50.3Failure to file supplementary return--Secretary's determination of additional tax--Interest and penalties.10-43-5110-43-51, 10-43-51.1. Repealed by SL 2016, ch 63, §§ 5, 6.10-43-5210-43-52, 10-43-53. Superseded.10-43-5610-43-56 to 10-43-59. Repealed by SL 1977, ch 96, § 20.10-43-6210-43-62 to 10-43-67. Repealed by SL 2016, ch 62, §§ 17 to 22.10-43-6910-43-69 to 10-43-72. Repealed by SL 2016, ch 62, §§ 23 to 26.10-43-73Tax payment as condition precedent to doing business--Injunction against continuation in business by delinquent taxpayer.10-43-76Percentage of proceeds retained by state--Payment of remainder to counties--Branch office remittances kept separate.10-43-77Apportionment of funds among taxing subdivisions.10-43-7910-43-79 to 10-43-81. Repealed by SL 1997, ch 66, §§ 1 to 3.10-43-8310-43-83 to 10-43-87. Repealed by SL 1997, ch 66, §§ 5 to 10.10-43-88Financial institution authorized to engage in trust business.10-43-89Tax on financial institutions engaging in trust business.10-43-90Determining minimum tax imposed upon financial institutions engaged in the trust business.10-43-91Tax on trustee of extended term trust.10-43-92Extended term trust defined.10-43-94Entities exempt from payment of tax.