10-33-11 Time of property assessment--Information to be considered.
Time of property assessment--Information to be considered.
The Department of
Revenue shall assess the property of all telephone companies not subject to the tax imposed by § 10-33-21 on the fifth day of July of each year. In making the assessment, the department shall consider
all the reports, facts, information filed, with any other information obtainable, concerning the value
of the property of all telephone companies and may add any property omitted from the return of the
companies. In making the assessment, which shall be with reference to value and ownership on
January first of the year for which the assessment is made, the department shall take into
consideration, among other things, the amount of gross earnings and net incomes, and the value to
each telephone company of its franchises, rights, and privileges, granted under the laws of this state
to do business in this state.
Source: SDC 1939, § 57.1804; SL 1992, ch 60, § 2; SL 1996, ch 77, § 3; SL 2003, ch 272 (Ex. Ord.
03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011; SL 2011, ch 54, § 5.