Statutes, codes, and regulations
South Dakota Administrative Rules
Title 64 - REVENUEArticle 64:26 - Banks and financial institutions
Chapter 64:26:03 - Income - Interpretive rules
Section 64:26:03:11 - Dividends received from other financial institutions

S.D. Admin. R. 64:26:03:11

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Current through Register Vol. 51, page 51, October 21, 2024
Section 64:26:03:11 - Dividends received from other financial institutions

Dividends received from other financial institutions which are subject to the South Dakota tax on financial institutions shall be subtracted from net income, provided such dividends were not excluded in determining federal taxable income.

S.D. Admin. R. 64:26:03:11

4 SDR 35, effective 12/22/1977; 13 SDR 129, 13 SDR 134, effective 7/1/1987.

General Authority: SDCL 10-43-42.1.

Law Implemented: SDCL 10-43-10.3.