The assessment by the secretary of revenue shall include capital stock and all other property of railroad companies, except such property as is found by the secretary of revenue to be nonoperating property as defined in §§ 10-28-10 and
Capital stock and other property included--Nonoperating property excepted
SDCL § 10-28-8 — under TAXATION OF RAILROAD OPERATING PROPERTY.
SDCL § 10-28-8