Power & Light Companies

Power and Light Companies provide energy to residents and businesses across South Dakota. For property tax purposes, the department has separated the industry into four different categories: Rural Electric, Investor or Privately Owned, Commercial Wind Generation Facilities and Municipal Electric.

Rural Electric Companies

(SDCL 10-36)

Rural Electric Companies furnish electricity for consumption principally in rural areas of South Dakota. Rural Electric Cooperatives and Public Power Companies are included in this category.

Transmission and Distribution Property

Transmission and Distribution Property is divided into real property and personal property for the purpose of taxation.

The real property, land and buildings, is assessed by the County Director of Equalization. The counties determine and collect the tax at the same rates and at the same time as other locally assessed property.

The personal property, which includes all wires, lines transformers, meters, machinery, fixtures, and all attachments and appurtenances, is subject to a 2% gross receipts tax instead of a property tax. The Companies are required to file annual report with the department in April. The department certifies the taxes to the counties in July. Taxes are collected by the counties in September and distributed to the school districts.

Generating Property

(SDCL 10-35)

The Department of Revenue is responsible for assessing the property that is owned by rural electric companies and used for the generation of electricity.

The property is assessed by the Department in July and the taxable value is then certified and sent to the counties in August. The counties determine and collect the tax at the same rates and at the same time as locally assessed property.

Investor or Privately Owned Power and Light

(SDCL 10-35)

The Department of Revenue is responsible for assessing the property owned by companies which furnish electricity for public use.

The property is assessed by the Department in July and the taxable value is then certified and sent to the counties in August. The counties determine and collect the tax at the same rates and at the same time as locally assessed property.

Municipal Utilities: Municipal Utilities are EXEMPT from property taxes.

Check out the Public Utilities Commission for more information.

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