SB166 gradually eliminates South Dakota's gross receipts tax on food items eligible for federal SNAP benefits (food stamps), reducing the tax rate from 4.5% to zero percent in steps between July 2022 and July 2026. Starting July 1, 2022, SNAP-eligible foods will be taxed at 4%, then 3% (2023), 2% (2024), 1% (2025), and finally 0% (2026), while all other retail goods remain taxed at the current 4.5% rate.
Taxation Deferred to the 41st legislative day Passed, YEAS 5, NAYS 2.
Taxation Motion to amend
Taxation Scheduled for hearing
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 131
Reynold Nesiba
Prime sponsor · Sen.
D
Cosponsors
Taxation — Deferred to the 41st legislative day