SB214 makes permanent a reduction in South Dakota's gross receipts and use tax rates that was previously set to expire on June 30, 2027. Instead of reverting to the higher tax rates after that date, the lower tax rates will now remain in effect indefinitely. This means businesses and consumers will continue to benefit from these reduced tax rates beyond 2027.
This bill does not directly amend codified state law.
Committee on Appropriations Tabled Passed, YEAS 8, NAYS 0. S.J. 9
Committee on Appropriations Scheduled for hearing S.J. 1
Senate Referred to Senate Committee on Appropriations S.J. 195
First Reading Senate S.J. 178
Prime sponsor · Sen
R
Dist. SD-011
Committee on Appropriations — Tabled