An annual tax is hereby imposed on each financial institution doing business in this state or licensed to do business in this state during any part of its tax year.

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Source: SL 1939, ch 263, §§ 3, 4; SDC Supp 1960, §§ 57.30A03, 57.30A04; SDCL § 10-43-3; SL 1977, ch 96, § 2; SL 2016, ch 62, § 2.