0N-11 REVENUE AND FINANCE

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\r\nARTICLE XI\r\n\r\n

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\r\nREVENUE AND FINANCE\r\n\r\n

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\r\n\r\n\r\n 1.\r\n    \r\nAnnual tax.\r\n\r\n
\r\n\r\n\r\n 2.\r\n    \r\nClassification of property for taxation--Income.\r\n\r\n
\r\n\r\n\r\n 3.\r\n    \r\nCorporate tax power of state not suspended.\r\n\r\n
\r\n\r\n\r\n 4.\r\n    \r\nBanks and bankers taxed.\r\n\r\n
\r\n\r\n\r\n 5.\r\n    \r\nPublic property exempt from taxation--Exceptions.\r\n\r\n
\r\n\r\n\r\n 6.\r\n    \r\nProperty exempt from taxation--Personal property.\r\n\r\n
\r\n\r\n\r\n 7.\r\n    \r\nOther exemption laws void.\r\n\r\n
\r\n\r\n\r\n 8.\r\n    \r\nObject of tax to be stated--Use of vehicle and fuel taxes.\r\n\r\n
\r\n\r\n\r\n 9.\r\n    \r\nTaxes paid into treasury--Appropriations required for expenditure.\r\n\r\n
\r\n\r\n\r\n10.\r\n    \r\nSpecial assessments for local improvements--Taxes for municipal purposes.\r\n\r\n
\r\n\r\n\r\n11.\r\n    \r\nUnauthorized use of public money as felony.\r\n\r\n
\r\n\r\n\r\n12.\r\n    \r\nAnnual statement of receipts and expenditures.\r\n\r\n
\r\n\r\n\r\n13.\r\n    \r\nVote required to increase certain tax rates or valuations.\r\n\r\n
\r\n\r\n\r\n14.\r\n    \r\nVote required to impose or increase taxes.\r\n\r\n
\r\n15.\r\n    \r\nInheritance tax prohibited.

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-1 Annual tax. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 1.\r\n \r\n\r\n\r\nAnnual tax.\r\n \r\nThe Legislature shall provide for an annual tax, sufficient to defray the\r\nestimated ordinary expenses of the state for each year, not to exceed in any one year two mills on\r\neach dollar of the assessed valuation of all taxable property in the state, to be ascertained by the\r\nlast assessment made for state and county purposes.
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\r\nAnd whenever it shall appear that such ordinary expenses shall exceed the income of the state\r\nfor such year, the Legislature shall provide for levying a tax for the ensuing year, sufficient, with\r\nother sources of income, to pay the deficiency of the preceding year, together with the estimated\r\nexpenses of such ensuing year. And for the purpose of paying the public debt, the Legislature shall\r\nprovide for levying a tax annually, sufficient to pay the annual interest and the principal of such debt\r\nwithin ten years from the final passage of the law creating the debt; provided, that the annual tax for\r\nthe payment of the interest and principal of the public debt shall not exceed in any one year two mills\r\non each dollar of the assessed valuation of all taxable property in the state, as ascertained by the last\r\nassessment made for the state and county purposes.
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\r\nProvided, that for the purpose of establishing, installing, maintaining and operating a hard fiber\r\ntwine and cordage plant at the state penitentiary at Sioux Falls, South Dakota, the Legislature shall\r\nprovide for a tax for the year 1907 of not to exceed one and one-half mills on each dollar of the\r\nassessed valuation of all taxable property in the state, as ascertained by the last assessment made for\r\nstate and county purposes.
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\r\n\r\n\r\n History: Amendment proposed by SL 1905, ch 71, approved Nov., 1906.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-2 Classification of property for taxation--Income. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 2.\r\n \r\n\r\n\r\nClassification of property for taxation--Income.\r\n \r\nTo the end that the burden of\r\ntaxation may be equitable upon all property, and in order that no property which is made subject\r\nto taxation shall escape, the Legislature is empowered to divide all property including moneys\r\nand credits as well as physical property into classes and to determine what class or classes of\r\nproperty shall be subject to taxation and what property, if any, shall not be subject to taxation.\r\nTaxes shall be uniform on all property of the same class, and shall be levied and collected for\r\npublic purposes only. Taxes may be imposed upon any and all property including privileges,\r\nfranchises and licenses to do business in the state. Gross earnings and net incomes may be\r\nconsidered in taxing any and all property, and the valuation of property for taxation purposes\r\nshall never exceed the actual value thereof. The Legislature is empowered to impose taxes upon\r\nincomes and occupations, and taxes upon incomes may be graduated and progressive and\r\nreasonable exemptions may be provided.
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\r\n\r\n\r\n History: Amendment proposed by SL 1911, ch 265, approved Nov., 1912; amendment proposed\r\nby SL 1917, ch 161, approved Nov., 1918; amendment proposed by SL 1953, ch 308, rejected\r\nNov., 1954.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-3 Corporate tax power of state not suspended. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 3.\r\n \r\n\r\n\r\nCorporate tax power of state not suspended.\r\n \r\nThe power to tax corporations and\r\ncorporate property shall not be surrendered or suspended by any contract or grant to which the\r\nstate shall be a party.

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-4 Banks and bankers taxed. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 4.\r\n \r\n\r\n\r\nBanks and bankers taxed.\r\n \r\nThe Legislature shall provide for taxing all moneys,\r\ncredits, investments in bonds, stocks, joint stock companies, or otherwise; and also for taxing the\r\nnotes and bills discounted or purchased, moneys loaned and all other property, effects or dues of\r\nevery description, of all banks and of all bankers, so that all property employed in banking shall\r\nalways be subject to a taxation equal to that imposed on the property of individuals.

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-5 Public property exempt from taxation--Exceptions. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 5.\r\n \r\n\r\n\r\nPublic property exempt from taxation--Exceptions.\r\n \r\nThe property of the United States\r\nand of the state, county and municipal corporations, both real and personal, shall be exempt from\r\ntaxation, provided, however, that all state owned lands acquired under the provisions of the rural\r\ncredit act may be taxed by the local taxing districts for county, township and school purposes,\r\nand all state owned lands, known as public shooting areas, acquired under the provisions of\r\n§ 25.0106 SDC 1939 and acts amendatory thereto, may be taxed by the local taxing districts for\r\ncounty, township and school purposes in such manner as the Legislature may provide.
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\r\n\r\n\r\n History: Amendment proposed by SL 1929, ch 86, approved Nov., 1930; amendment proposed\r\nby SL 1947, ch 253, approved Nov., 1948.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-6 Property exempt from taxation--Personal property. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 6.\r\n \r\n\r\n\r\nProperty exempt from taxation--Personal property.\r\n \r\nThe Legislature shall, by general\r\nlaw, exempt from taxation, property used exclusively for agricultural and horticultural societies,\r\nfor school, religious, cemetery and charitable purposes, property acquired and used exclusively\r\nfor public highway purposes, and personal property to any amount not exceeding in value two\r\nhundred dollars for each individual liable to taxation.
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\r\n\r\n\r\n History: Amendment proposed by SL 1957, ch 301, approved Nov., 1958.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-7 Other exemption laws void. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 7.\r\n \r\n\r\n\r\nOther exemption laws void.\r\n \r\nAll laws exempting property from taxation other than\r\nthat enumerated in §§ 5 and 6 of this article, shall be void.

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-8 Object of tax to be stated--Use of vehicle and fuel taxes. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 8.\r\n \r\n\r\n\r\nObject of tax to be stated--Use of vehicle and fuel taxes.\r\n \r\nNo tax shall be levied\r\nexcept in pursuance of a law, which shall distinctly state the object of the same, to which the tax\r\nonly shall be applied, and the proceeds from the imposition of any license, registration fee, or\r\nother charge with respect to the operation of any motor vehicle upon any public highways in this\r\nstate and the proceeds from the imposition of any excise tax on gasoline or other liquid motor\r\nfuel except costs of administration and except the tax imposed upon gasoline or other liquid\r\nmotor fuel not used to propel a motor vehicle over or upon public highways of this state shall be\r\nused exclusively for the maintenance, construction and supervision of highways and bridges of\r\nthis state.
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\r\n\r\n\r\n History: Amendment proposed by SL 1939, ch 230, approved Nov., 1940.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-9 Taxes paid into treasury--Appropriations required for expenditure. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 9.\r\n \r\n\r\n\r\nTaxes paid into treasury--Appropriations required for expenditure.\r\n \r\nAll taxes levied\r\nand collected for state purposes shall be paid into the state treasury. No indebtedness shall be\r\nincurred or money expended by the state, and no warrant shall be drawn upon the state treasurer\r\nexcept in pursuance of an appropriation for the specific purpose first made. The Legislature shall\r\nprovide by suitable enactment for carrying this section into effect.
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\r\nAmendment proposed by SL 1984, ch 1, rejected Nov. 6, 1984.

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-10 Special assessments for local improvements--Taxes for municipal purposes. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 10.\r\n \r\n\r\n\r\nSpecial assessments for local improvements--Taxes for municipal purposes.\r\n \r\nThe\r\nLegislature may vest the corporate authority of cities, towns and villages, with power to make\r\nlocal improvements by special taxation of contiguous property or otherwise. For all corporate\r\npurposes, all municipal corporations may be vested with authority to assess and collect taxes; but\r\nsuch tax shall be uniform in respect to persons and property within the jurisdiction of the body\r\nlevying the same.
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\r\n\r\n\r\n History: Amendment proposed by SL 1921, ch 148, rejected Nov., 1922.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-11 Unauthorized use of public money as felony. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 11.\r\n \r\n\r\n\r\nUnauthorized use of public money as felony.\r\n \r\nThe making of profit, directly or\r\nindirectly, out of state, county, city, town or school district money, or using the same for any\r\npurpose not authorized by law, shall be deemed a felony and shall be punished as provided by\r\nlaw.

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-12 Annual statement of receipts and expenditures. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 12.\r\n \r\n\r\n\r\nAnnual statement of receipts and expenditures.\r\n \r\nAn accurate statement of the\r\nreceipts and expenditures of the public moneys shall be published annually, in such manner as\r\nthe Legislature may provide.

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-13 Vote required to increase certain tax rates or valuations. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 13.\r\n \r\n\r\n\r\nVote required to increase certain tax rates or valuations.\r\n \r\nThe rate of taxation\r\nimposed by the state of South Dakota on personal or corporate income or on sales or services, or\r\nthe allowable levies or the percentage basis for determining valuation as fixed by law for\r\npurposes of taxation on real or personal property, shall not be increased unless by consent of the\r\npeople by exercise of their right of initiative or by two-thirds vote of all the members elect of\r\neach branch of the Legislature.
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\r\n\r\n\r\n History: Section proposed by SL 1977, ch 2, approved Nov. 7, 1978.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-14 Vote required to impose or increase taxes. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 14.\r\n \r\n\r\n\r\nVote required to impose or increase taxes.\r\n \r\nThe rate of taxation imposed by the State\r\nof South Dakota in regard to any tax may not be increased and no new tax may be imposed by the\r\nState of South Dakota unless by consent of the people by exercise of their right of initiative or by\r\ntwo-thirds vote of all the members elect of each branch of the Legislature.
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\r\n\r\n\r\n History: Section proposed by SL 1996, ch 2, §§ 1 and 2, approved Nov. 5, 1996.\r\n\r\n

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\r\n \r\n \r\n \r\n \r\n\r\n\r\n\r\n\r\n0N-11-15 Inheritance tax prohibited. \r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n§ 15.\r\n \r\n\r\n\r\nInheritance tax prohibited.\r\n \r\nNo tax may be levied on any inheritance, and the\r\nLegislature may not enact any law imposing such a tax. The effective date of this section is July\r\n1, 2001.
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\r\n\r\n\r\n History: Section proposed by initiated measure, approved Nov. 7, 2000.\r\n\r\n

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\r\n\r\n","Credits":null,"StatuteText":null,"Article":null,"Created":null,"CreatedById":null,"LastUpdated":null,"LastUpdatedBy":null,"Repealed":false,"StatuteReferencesReferencesStatute":[],"StatuteReferencesStatute":[]}