64:26:03:11Dividends
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
received from other financial institutions. Dividends received from other financial institutions which are subject to the South Dakota tax on financial institutions shall be subtracted from net income, provided such dividends were not excluded in determining federal taxable income.
Source: 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987.
General Authority
Law Implemented
- SDCL 10-43-10.3 ↗Amended by SB18 (2026) — repeal income modifications for the bank franchise tax pertaining to bad debts.