South Dakota § 10-39-54 - Distribution of proceeds.
Full text of South Dakota South Dakota Codified Laws § 10-39-54 — Distribution of proceeds., with citation guidance and answers to common questions.
§ 10-39-54. Distribution of proceeds.
All taxes, interest and penalties imposed and collected by the secretary of revenue under this chapter must be distributed as follows:
(1) For persons severing precious metals that were in business in the state prior to January 1, 1981, all revenues collected must be deposited in the state treasury and credited to the general fund;
(2) For persons permitted on or after January 1, 1981, but before July 1, 2026, for the purpose of severing precious metals, eighty percent of the revenues collected must be deposited in the state treasury and credited to the general fund, while the remaining twenty percent must be remitted by the secretary of the department to the treasurer of the county in which the precious metals were severed. When the county has received a total of one million dollars attributable to any person subject to the tax, all future revenues attributable to that person must be deposited in the state treasury and credited to the general fund. No merger, consolidation or acquisition of a person subject to §§ 10-39-54 to 10-39-54.4, inclusive, by another such person, limits the share of revenue due to the county from the person; and
(3) For persons permitted on or after July 1, 2026, for the purpose of severing precious metals, eighty percent of the revenues collected must be deposited in the state treasury and credited to the general fund, while the remaining twenty percent must be remitted by the secretary of the department to the treasurer of the county in which the precious metals were severed. No merger, consolidation or acquisition of a person subject to §§ 10-39-54 to 10-39-54.4, inclusive, by another such person limits the share of revenue due to the county from the person.
Any revenues attributed to the severance of precious metals from lands owned or controlled by this state must be deposited in the common school permanent fund.
Source: SL 1981, ch 95, § 13; SL 1988, ch 101, § 1; SL 1993, ch 53, § 20; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011; SL 2026, ch 50, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 10-39-54
What does South Dakota Codified Laws § 10-39-54 cover?
Section 10-39-54 ("Distribution of proceeds.") 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 § 10-39-54?
A common citation format is "South Dakota Codified Laws § 10-39-54" (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 § 10-39-54 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.