10-4-2.2. Personal property defined for ad valorem taxation.
Personal property for the purpose of ad valorem taxation is all property not included within the definition of real property. Tools, implements, machinery, or equipment used in the business, production, trade, processing, or manufacturing activities are personal property.
Source: SL 1992, ch 74, § 2; SL 1997, ch 51, § 2.
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