This bill changes how South Dakota distributes tax revenue from precious metals mining operations. For newer mining operations (those permitted after January 1, 1981), it increases the threshold from $1 million to $3 million in county revenue before all future tax money goes to the state's general fund instead of being split 80-20 with the county. The bill also clarifies that all precious metals taxes from state-owned lands must go to the common school permanent fund.
Committee on Appropriations Deferred to the 41st legislative day Passed, YEAS 7, NAYS 2.
Committee on Appropriations Scheduled for hearing H.J. 1
Committee on Appropriations Scheduled for hearing H.J. 1
Committee on Appropriations Scheduled for hearing
House of Representatives Referred to House Committee on Appropriations H.J. 106
First Reading House H.J. 52
Prime sponsor · Rep
R
Dist. HD-031
Prime sponsor · Sen
R
Dist. SD-031
Committee on Appropriations — Deferred to the 41st legislative day