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Form a Business

Distributions required of foundation.

SDCL § 47-22-68.4
in effect
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47-22-68.4. Distributions required of foundation. The corporation described in § 47-22-68.2 shall distribute for each of its taxable years amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of the Internal Revenue Code. SL 1972, ch 244, § 2 (1).
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-22-68.4Fetched: 10/20/2026

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