<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 10-4-19.1 - Time of determination of exempt status--Apportionment when property transferred to exempt entity. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2037550Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2037550SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2037550CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2037550Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2037550DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2037550DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2037550000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2037550SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2037550SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2037550Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-4-19.1"><span class="s2037550SENU">10-4-19.1</span></a><span xml:space="preserve" class="s2037550SENU">. </span><span class="s2037550CL">Time of determination of exempt status--Apportionment when property transferred to exempt entity.</span></p><p dir="ltr" class="s2037550Normal-000000"><span xml:space="preserve" class="s2037550DefaultParagraphFont">Any exemption from ad valorem taxation in this state as provided by this chapter on account of the use or ownership of real property on the part of any governmental or private entity shall be determined with respect to the ownership and use of such property on the legal assessment day regardless of after acquired or disposed of property, except as provided in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-4-19.2"><span class="s2037550DefaultParagraphFont">10-4-19.2</span></a><span class="s2037550DefaultParagraphFont">. However, any person, firm, or corporation, owning or controlling any property transferred to any entity exempt from taxation as provided in this chapter shall be liable for the payment of all taxes based on an assessment during the year of transfer, proportionate to the length of time such nonexempt person, firm, or corporation owned such property, and until the date on which such tax</span><span class="s2037550DefaultParagraphFont-000001">-</span><span class="s2037550DefaultParagraphFont">exempt entity is legally entitled to and has acquired actual possession of such property and is making use of the same for the purposes of the tax</span><span class="s2037550DefaultParagraphFont-000001">-</span><span class="s2037550DefaultParagraphFont">exempt entity. Such transferred property may not be taxed for any month in the taxable year in which such property is in the legal possession of any such tax</span><span class="s2037550DefaultParagraphFont-000001">-</span><span class="s2037550DefaultParagraphFont">exempt entity for more than sixteen days.</span></p><p dir="ltr" class="s2037550Normal"><span xml:space="preserve" class="s2037550000002"> </span></p><p dir="ltr" class="s2037550Normal"><span class="s2037550SCL">Source:</span><span xml:space="preserve" class="s2037550SCL-000003"> SL 1970, ch 68; SL 1985, ch 69, § 1; SL 1992, ch 80, § 15.</span></p></div></body></html>