Source: SL 1941, ch 363 , § 3; SDC Supp 1960, § 57.19B03; SL 1987, ch 92 , § 2; SL 1994, ch 88 ; SL 2012, ch 66 , § 1.
A company taxed pursuant to this section may deduct as a credit from the taxes to be paid under this section, that portion of the taxes included in the payments by the company to such organizations for the use of the property described in the contract
— under TAXATION OF RURAL ELECTRIC COMPANIES.