64:27:01:15.  Leasing expenditures deductible. Cost of leasing or renting property for the purpose of extracting minerals or mineral products is deductible as a cost of extraction.

          Source: 2 SDR 21, effective September 18, 1975; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995.

          General Authority:SDCL 10-39-49.

          Law Implemented:SDCL 10-39-45.2(1).