South Dakota will no longer count guaranteed payments to certain partners as taxable income for state sales and use tax purposes. This exemption applies to payments made to individual partners, small corporations where only the owners work, and single-owner LLCs with no employees. The change reduces the tax base for businesses structured as partnerships by excluding these partner compensation payments.
Signed by the Governor H.J. 552
Delivered to the Governor H.J. 546
Signed by the President S.J. 528
Signed by the Speaker H.J. 539
House of Representatives Concurred in amendments Passed, YEAS 65, NAYS 5. H.J. 520
Senate Do Pass Amended Passed, YEAS 31, NAYS 1. S.J. 493
Taxation Do Pass Amended Passed, YEAS 5, NAYS 0. S.J. 29
Taxation Motion to amend S.J. 28
Taxation Scheduled for hearing
Taxation Scheduled for hearing S.J. 1
Senate Referred to Senate Taxation S.J. 355
First Reading Senate S.J. 341
House of Representatives Do Pass Amended Passed, YEAS 66, NAYS 4. H.J. 345
Taxation Do Pass Amended Passed, YEAS 9, NAYS 4.
Taxation Motion to amend
Taxation Scheduled for hearing
House of Representatives Referred to House Taxation H.J. 213
First Reading House H.J. 199
Prime sponsor · Rep
R
Dist. HD-033
Prime sponsor · Sen
R
Dist. SD-019
Cosponsors
Concurred in amendments
Do Pass Amended
Taxation — Do Pass Amended
Do Pass Amended
Taxation — Do Pass Amended