South Dakota § 10-39-45.2 - Deductions for determining net profit.
Full text of South Dakota South Dakota Codified Laws § 10-39-45.2 — Deductions for determining net profit., with citation guidance and answers to common questions.
§ 10-39-45.2. Deductions for determining net profit.
Net profits shall be determined by subtracting from the gross yield, as defined by § 10-39-44, the following deductions for costs paid or incurred during the period for which the tax is paid:
(1) The cost of extracting the precious metals;
(2) The cost of transporting the precious metals from the mines to the place or places of reduction, refining, and sale;
(3) The cost of reduction, refining, and sale;
(4) The cost of marketing and delivering the products and the conversion of the products into money;
(5) The cost of maintenance and repairs of all mine machinery, equipment, apparatus, and facilities; all milling, smelting, and reduction works, plants, and facilities; all transportation facilities and equipment; and general administrative buildings and facilities within the State of South Dakota;
(6) All interest costs and all insurance costs paid or accrued on the machinery, equipment, apparatus, works, plants, and facilities, including moneys expended for industrial insurance or workers' compensation, the actual cost of hospital and medical attention, accident benefits, group insurance, pensions, recreation, and payments into pension and profit-sharing trusts and employee welfare;
(7) Depreciation on the cost of the machinery, equipment, apparatus, works, plants, and facilities mentioned in subdivision (5) of this section at the same rates allowable for federal income tax purposes;
(8) The cost of development and exploration work in or about the mine or upon a group of mines when operated as a unit;
(9) The cost of reclamation pursuant to chapter 45-6B;
(10) The cost of royalty payments;
(11) All state and local taxes;
(12) General administrative expense in connection with mining or extracting and milling operations incurred within the State of South Dakota.
Such deductions do not include general administrative costs or salaries incurred outside the State of South Dakota.
Source: SL 1984, ch 78, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 10-39-45.2
What does South Dakota Codified Laws § 10-39-45.2 cover?
Section 10-39-45.2 ("Deductions for determining net profit.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 10-39-45.2?
A common citation format is "South Dakota Codified Laws § 10-39-45.2" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 10-39-45.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.