10-46-70 Exemption of receipts received by the state and political subdivisions from management ser...
Exemption of receipts received by the state and political subdivisions from
management services provided to nonprofit entity.
There are hereby exempted from the provisions
of this chapter and the computation of the tax imposed by it, the gross receipts received by the State
of South Dakota and any of its political subdivisions including multi-county planning and
development districts, established pursuant to Executive Order 70-7, or its successor, from
management services provided to a revolving loan fund operated by a nonprofit entity.
Source: SL 2005, ch 75, § 2.