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revise certain references to the Internal Revenue Code.

HB1015 updates South Dakota's tax laws to match the current Internal Revenue Code instead of an outdated version, ensuring state taxes are calculated consistently with federal tax rules.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.

repeal certain provisions regarding payments of the tax imposed on financial institutions and banks.

HB1014 repeals a state law that required banks and financial institutions to make quarterly advance payments toward their annual tax bills. After this change, these businesses will only need to pay their taxes once a year instead of making four separate payments throughout the year.

revise certain provisions regarding unemployment insurance contribution rates.

HB1034 adjusts how South Dakota calculates the unemployment insurance tax rates that employers must pay, modifying the formula used to determine contribution percentages based on a company's unemployment history. The bill revises the existing system to change when rates increase or decrease, affecting what businesses owe into the state's unemployment insurance fund each year.

revise and promote greater efficiency with sales tax exemptions.

HB1167 streamlines South Dakota's sales tax exemptions by eliminating or consolidating various narrow exemptions that are rarely used or difficult to administer, making the tax code simpler and more efficient. The bill keeps major exemptions (like those for groceries, medicine, and manufacturing equipment) while removing outdated or redundant categories to reduce compliance costs for businesses and the state. This reduces the number of exemptions from dozens to a more manageable set while generating modest additional tax revenue.

provide for the destruction of certain contraband cigarettes.

# HB 1017 Summary This bill establishes a process for state officials to destroy cigarettes that have been seized as contraband rather than keeping them in storage. The destroyed cigarettes must be those that violate state tax laws or lack proper tax stamps, and officials will document the destruction to maintain accountability.

revise the authority of Department of Revenue special agents.

# SB25 Summary SB25 expands the powers of special agents working for South Dakota's Department of Revenue, allowing them to investigate a broader range of tax violations and financial crimes. The bill clarifies what authority these agents have when conducting investigations and gathering evidence, making it easier for them to pursue cases involving tax evasion and related offenses.

revise provisions regarding certain tax rates.

This bill requires South Dakota to automatically reduce certain state tax rates by one-tenth of a percent for every $20 million in additional revenue collected from out-of-state online sellers—but the rates cannot drop below 4 percent. The changes apply to income taxes, sales taxes, and other specific taxes listed in state law, with reductions taking effect each July first as the revenue thresholds are met.

establish the Tax Revenue Study Task Force to study tax revenue in this state.

This bill creates a new Tax Revenue Study Task Force to examine how South Dakota collects tax revenue and explore potential changes to the state's tax system. The task force will study current tax policies and make recommendations, though the bill doesn't change any existing tax laws itself—it simply establishes a group to research and report back on tax-related issues.

revise certain provisions regarding sales tax.

This bill authorizes changes to South Dakota's sales tax programs, though the specific details of those revisions are not provided in the text. Without the actual provisions being amended or added, the exact impact on taxpayers or businesses cannot be determined from this summary version of the legislation.

revise provisions regarding certain tax rates.

HB 1265 revises which state agencies and officials can access confidential tax return information from the Department of Revenue. The bill expands disclosure permissions to include the director of the Legislative Research Council and clarifies the specific purposes and conditions under which various state agencies, law enforcement, and gaming officials can request and receive taxpayer information.

revise provisions regarding adjustments to the motor fuel tax fund balance.

SB110 changes how South Dakota adjusts the motor fuel tax fund balance by revising the existing formulas or procedures used to calculate transfers between the fuel tax fund and the state's general budget. The specific adjustments allow the state to better manage fuel tax revenue fluctuations and ensure more stable funding for transportation projects. This replaces the previous adjustment method with a new approach to handling excess or insufficient fuel tax revenues.

revise the property tax levies for the general fund of school districts and to revise the state aid to education formula.

SB179 adjusts how much property tax school districts can collect for their general operating funds and changes the formula that determines how much state money schools receive based on local wealth and enrollment. These changes alter the balance between local property taxes and state aid that funds South Dakota public schools.

revise and enhance certain provisions regarding certain tax rates.

regulate online sales of tobacco products.

# HB1248 Summary HB1248 establishes new rules requiring online tobacco sellers to verify that customers are at least 21 years old before completing a purchase and to report sales to state tax authorities. The bill also requires delivery carriers to obtain adult signatures upon delivery to confirm the buyer is of legal age.