§ 10-28-1 Secretary to assess operating property
§ 10-28-2 Assets included in operating property
§ 10-28-3 Annual statement required of railroad company–Date of filing–Contents
§ 10-28-4 Annual statement of railroad property occupied by warehousemen and others
§ 10-28-5 Addition to assessment value on failure of railroad to make statements
§ 10-28-6 Annual list of warehousemen and other occupants of railroad property–Contents
§ 10-28-7 Time of annual assessment of operating property–Separation of main lines, branchesand sidetracks
§ 10-28-8 Capital stock and other property included–Nonoperating property excepted
§ 10-28-9 Allocation of valuation for railroad operating partly without state
§ 10-28-10 Local assessment of nonoperating property permitted
§ 10-28-11 Nonoperating property defined–Rules
§ 10-28-12 Unit valuation of railroad operating property
§ 10-28-13 Cost approach, market approach and income approach considered in determinationof value of railroad company property
§ 10-28-14 Department of Transportation to assist in valuation
§ 10-28-15 Notice to railroad of assessment–Hearing–Notice of equalized assessment
§ 10-28-16 Notice to county auditors of railroad mileage and assessments–Distribution
§ 10-28-18 Determination by county commissioners of railroad valuations in taxing districts–Entry in assessment records–Notice to taxing districts
§ 10-28-19 Railroad map filed with county auditor–Exemption of operating property from localassessment
§ 10-28-20 Notice to county auditor of deeds to railroads–Entry on railroad map
§ 10-28-21 Application of tax levies against railroad property–Extension in railroad tax book
§ 10-28-21.2 Tax credit for expenses of a capital nature incurred by public railroad or railwaycorporation–Application of credit
§ 10-28-21.3 Expenses of a capital nature defined
§ 10-28-21.4 Capital improvement plan required to claim tax credit
§ 10-28-21.5 Notification of completion of capital project–Inspection and audit–Eligibility forcredit–Administrative hearing
§ 10-28-21.6 Promulgation of rules on capital expense tax credits
§ 10-28-22 Duplicate railroad tax book delivered to county treasurer–Collection and distributionof railroad taxes
§ 10-28-23 Collection of delinquent railroad taxes
§ 10-28-24 Exemption of railroad companies operating over state-owned rail lines
§ 10-28-25 Promulgation of rules concerning leased property
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Terms Used In South Dakota Codified Laws > Title 10 > Chapter 28 - Taxation of Railroad Operating Property

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2