<html> <head> <title>Rule 64:41:01:06 Property leased for three or more years.</title> <META NAME="Keywords" Content="Administrative Rules 64:41:01:06"> <META NAME="Description" Content="Administrative Rules 64:41:01:06 Property leased for three or more years."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>64:41:01:06.&nbsp;&nbsp;Property leased for three or more years.</b> If property is leased for a term of three years or more by a railroad company, the leasehold interest of the lessee is subject to assessment by the local assessor. The assessment shall be made to the lessee and not to the railroad company.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-28-25">10-28-25.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-4-23">10-4-23.</A></p> </div> </body> </html>