HB1001 makes permanent a temporary reduction in South Dakota's gross receipts and use tax rates by repealing the laws that were set to expire this reduction. Instead of letting these lower tax rates end as originally scheduled, the bill keeps them in place indefinitely for businesses and consumers paying these taxes.
This bill does not directly amend codified state law.
Committee on Appropriations Tabled Passed, YEAS 7, NAYS 2.
Committee on Appropriations Scheduled for hearing
First read in Senate and referred to Senate Committee on Appropriations S.J. 86
House of Representatives Do Pass Passed, YEAS 54, NAYS 12. H.J. 52
House of Representatives Fiscal Note Requested H.J. 37
Taxation Do Pass Passed, YEAS 11, NAYS 1.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 22
Chris Karr
Prime sponsor · Rep.
R
David Johnson
Prime sponsor · Sen.
R
Cosponsors
Committee on Appropriations — Tabled
Do Pass
Taxation — Do Pass