{"data":{"id":"us-sd/sdcl-5-12-19","jurisdiction":"us-sd","citation":"SDCL § 5-12-19","heading":"Tax exemption of property owned or leased by authority--Exception.","body":"Except as hereinafter provided, all land, improvements, and capital equipment owned by the Building Authority, or being leased or acquired by the authority pursuant to a lease having a fixed term plus renewal options exceeding three years, or a lease-purchase or installment purchase contract, shall constitute a separate class of property which is exempt from taxation. Land owned by the authority, or being leased or acquired by the authority, to accomplish projects of the kind listed in § 5-12-8 is not exempt from taxation.","path":["TITLE 5. PUBLIC PROPERTY, PURCHASES AND CONTRACTS","CHAPTER 5-12. SOUTH DAKOTA BUILDING AUTHORITY"],"source_url":"https://sdlegislature.gov/Statutes/5-12-19","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"1c945f40f0f424a258ffd51d3f3b248c2ffe7c3198345f3c866593b84d6decb6","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-5-12-18","next":"us-sd/sdcl-5-12-20"},"notice":"GroundRules: Original legal text. Not legal advice."}