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Restrictions on private foundations--Definition of terms.

SDCL § 47-22-68.1
in effect
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47-22-68.1. Restrictions on private foundations--Definition of terms. Terms as used in §§ 47-22-68.1 to 47-22-68.9, inclusive, shall have the following meaning: (1) "Excess business holdings," as defined in section 4943(c) of the Internal Revenue Code; (2) "Internal Revenue Code," the United States Internal Revenue Code of 1954, as amended; (3) "Private foundation," as defined in section 509(a) of the Internal Revenue Code; (4) "Self-dealing," as defined in section 4941(d) of the Internal Revenue Code; (5) "Taxable expenditure," as defined in section 4945(d) of the Internal Revenue Code. SL 1972, ch 244, § 1.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-22-68.1Fetched: 10/20/2026

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