§ 10-29-1 Definition of terms
§ 10-29-2 Department to assess flight property
§ 10-29-3 Annual report required of airline company–Date of filing–Contents
§ 10-29-4 Additional information in annual report–Blanks furnished
§ 10-29-5 Extension of time for filing of report
§ 10-29-6 Valuation by department on failure of company to make report–Notice to company
§ 10-29-7 Examination of corporate books by secretary–Requiring attendance of witnesses andproduction of evidence
§ 10-29-8 Annual assessment of flight property–Information considered–Addition of omittedproperty
§ 10-29-9 Determination of value of flight property
§ 10-29-9.1 Assessment of flight property for certain turboprops and other propeller drivenaircraft
§ 10-29-10 Apportionment to state of total value of flight property–Ratios used
§ 10-29-11 Use of other methods of valuation and apportionment on petition by airline company
§ 10-29-12 Notice to airline company of hearing–Equalization of assessment
§ 10-29-14 Application of average tax levy to assessed valuation of flight property
§ 10-29-15 Allocation of tax proceeds to airports
§ 10-29-16 Certification to county auditors of taxes assessed on flight property–Date ofpayment
§ 10-29-16.1 Reassessment and reapportionment after gross error
§ 10-29-16.2 Period allowed for adjustment after reassessment on gross error
§ 10-29-17 Collection of delinquent taxes
§ 10-29-18 Airline flight property tax in lieu of use tax
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Terms Used In South Dakota Codified Laws > Title 10 > Chapter 29 - Taxation of Airline Flight Property

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Oath: A promise to tell the truth.
  • Oath: includes affirmation. See South Dakota Codified Laws 2-14-2
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Testify: Answer questions in court.
  • Trustee: A person or institution holding and administering property in trust.