South Dakota § 58-32-50 - Tax on independently procured coverages--Payment to director, time.
Full text of South Dakota South Dakota Codified Laws § 58-32-50 — Tax on independently procured coverages--Payment to director, time., with citation guidance and answers to common questions.
§ 58-32-50. Tax on independently procured coverages--Payment to director, time.
For the general support of the government of this state there is levied upon the insured with respect to the obligation, chose in action, or rights represented by insurance described in § 58-32-47, a tax at the rate of two and one-half percent of the gross amount of the premium charged for the insurance. Within thirty days after the insurance was so procured, continued or renewed, and coincidentally with the filing with the director of the report provided for in § 58-32-47, the insured shall pay the amount of the tax to the director.
Source: SL 1966, ch 111, ch 11, § 22(3); SL 1986, ch 99, § 2.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-32-50
What does South Dakota Codified Laws § 58-32-50 cover?
Section 58-32-50 ("Tax on independently procured coverages--Payment to director, time.") 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 § 58-32-50?
A common citation format is "South Dakota Codified Laws § 58-32-50" (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 § 58-32-50 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.