Taxation

revise certain references to the Internal Revenue Code.

clarify language regarding sales and use tax in certain statutes.

change the eligibility requirements, and the exempt value, of a property tax relief program for disabled veterans and surviving spouses.

revise provisions related to tax deeds and to declare an emergency.

consider certain goods when given as a prize through a redemption store as purchases for resale.

lower the state sales tax rate and the state use tax rate on food to zero percent, and to increase certain gross receipts tax rates, excise tax rates, and use tax rates.

limit annual valuation increases on owner-occupied single-family dwellings.

provide property tax relief to certain seniors.

extend the length of time allowed for a tax agreement with an Indian tribe.

provide for the distribution of tax revenue from certain gross receipts occurring on fairgrounds.

modify time limits for collection efforts for debts owed to the state.

increase the annual limit of tax credits that an insurance company may claim through the partners in education tax credit program.

provide for an E15 fuel tax refund.

Proposing and submitting to the voters at the next general election an amendment to the Constitution of the State of South Dakota, limiting the assessed value of real property and the amount of tax on real property.

To refer to the voters the question of whether this state should lower the state sales and use tax rate on food to zero percent, and to increase certain gross receipts tax rates, excise tax rates, and use tax rates.