Changes to Existing Law
HB1043 — include lithium in the definition of precious metal for purposes of the minerals severance tax, and to set the tax rate for lithium severed in this state.
1 section modified+5-9
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§ 10-39-42
Amended+5-9
Section 10-39-42 — AMENDED
Terms used in this chapter mean: (1) "Department," the South Dakota Department of Revenue; (2) "Precious metals," gold, and silver, and lithium; (3) "Secretary," the secretary of the South Dakota Department of Revenue department; and (4) "Severing," the mining, extracting, or producing of any precious metal. 10