South Dakota is updating its tax laws to reference the federal Internal Revenue Code as it exists on January 1, 2026, instead of an earlier version. This change affects multiple sections of state tax law related to income taxes, corporate taxes, and other tax matters, ensuring South Dakota's tax rules align with the current federal tax code.
AI-generated summary
The amendment updates the Internal Revenue Code reference date from January 1, 2025 to January 1, 2026, and corrects a formatting error in the statute citations (changing "10-4-6 39," to "10-4-39,"), keeping the bill's purpose intact while ensuring current tax code applicability. This is a technical correction that NARROWS the bill from the introduced to enrolled version, fixing citation errors and updating the operative date.
Signed by the Governor S.J. 266
Delivered to the Governor S.J. 219
Signed by the Speaker H.J. 251
Signed by the President S.J. 203
House of Representatives Do Pass Passed, YEAS 69, NAYS 0. H.J. 223
Taxation Certified uncontested, placed on consent
Taxation Do Pass Passed, YEAS 12, NAYS 0.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 114
Senate Do Pass Passed, YEAS 33, NAYS 0. S.J. 75
Taxation Certified uncontested, placed on consent S.J. 1
Taxation Do Pass Passed, YEAS 5, NAYS 0. S.J. 1
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 17
Do Pass
Taxation — Do Pass
Do Pass
Taxation — Do Pass