HB1015 updates South Dakota's tax laws to match the current Internal Revenue Code instead of an outdated version, ensuring state taxes are calculated consistently with federal tax rules. This prevents confusion and keeps South Dakota's tax system aligned with federal changes without requiring separate state legislative action each time the federal code is revised.
AI-generated summary
Signed by the Governor H.J. 304
Delivered to the Governor H.J. 276
Signed by the President S.J. 220
Signed by the Speaker H.J. 241
Senate Do Pass Passed, YEAS 32, NAYS 0. S.J. 202
Taxation Placed on consent
Taxation Do Pass Passed, YEAS 7, NAYS 0. S.J. 179
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 122
House of Representatives Do Pass Passed, YEAS 69, NAYS 0. H.J. 131
Taxation Placed on consent
Taxation Do Pass Passed, YEAS 11, NAYS 0. H.J. 66
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 19
Taxation — Do Pass
Taxation — Do Pass