SB 122 creates a new severance tax on companies that quarry certain minerals in South Dakota. The tax applies to mineral extraction operations and generates state revenue from this natural resource use.
This bill does not directly amend codified state law.
Taxation Deferred to the 41st legislative day Passed, YEAS 5, NAYS 2.
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 120
Ryan Maher
Prime sponsor · Sen.
R
Taxation — Deferred to the 41st legislative day