Upon such reassessment and recertification to a municipality, the airline company shall be allowed a period as determined by the Department of Revenue of not to exceed five years to absorb such adjustment, as shall be equitable to the taxpayer and the municipality concerned. Source: SL 1970, ch 80 , § 2; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1 ), § 161, eff. Apr. 12, 2011.
Period allowed for adjustment after reassessment on gross error
SDCL § 10-29-16.2 — under TAXATION OF AIRLINE FLIGHT PROPERTY.
SDCL § 10-29-16.2