SDCL § 10-35-1.10: Promulgation of rules on environmental upgrade exemption.

The secretary of the Department of Revenue may promulgate rules, pursuant to chapter 1-26, concerning this exemption to:

(1) Specify the real and personal property that makes up an environmental upgrade;

(2) Determine the original and depreciated cost of the environmental upgrade;

(3) Establish a procedure to calculate the effect of the exemption upon the assessed value of the coal-fired power plant; and

(4) Allocate the exemption between the ownership of the coal-fired power plant.

Commission Note: This section is repealed effective January 1, 2046, pursuant to SL 2013, ch 51, § 2.