South Dakota Codified Laws 10-45-112. Exemption for nonprofit corporations created for fire protection
Current as of: 2023 | Check for updates
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There are hereby specifically exempted from the provisions of this chapter and from the computation of the amount of tax imposed by it, the gross receipts from sales of tangible personal property, any product transferred electronically, and services to any nonprofit corporation created for the purpose of fire protection that is controlled by any political subdivision of this state.
Terms Used In South Dakota Codified Laws 10-45-112
- 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.
Source: SL 2016, ch 66, § 1.