SB99DeadTaxation
authorize counties to issue bonds for certain expenditures funded by a gross receipts tax.
South Dakota counties can now issue bonds backed by a gross receipts tax they collect locally, using the bond proceeds for specific projects like courthouse repairs, jails, and drug treatment facilities. The county governing body must pass a resolution agreeing to impose and collect the tax specifically to pay back the bonds as long as they're outstanding. This creates a new funding mechanism for counties to finance certain public infrastructure and services through bonded debt.