Search Bills

Repeal the alternate realty improvement contractor's excise tax.

This bill eliminates the 2% excise tax that contractors currently pay on realty improvement project gross receipts. The repeal removes the tax collection rules that allowed contractors to report and pay this tax on either an accrual or cash basis.

Repeal the expiration of a reduction in certain gross receipts and use tax rates.

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.

Exempt any food grown, raised, or otherwise produced in this state from state sales tax.

This bill removes state sales tax from food products that are grown, raised, or produced in South Dakota, as long as they're clearly labeled as such. The exemption applies to all in-state food production, meaning South Dakota farmers and food producers could sell their products tax-free compared to out-of-state competitors. This creates a tax advantage for locally-produced food sold within the state.