Link to study by University of Nebraska PhD dated 12-15-13.… Read more
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Any alterations to the general appropriations bill will happen tomorrow (3-13-14) at the Joint Appropriations Committee 8:00 am hearing, when the bill will be opened for amendments.
The LRC … Read more
South Dakota’s Native American-white employment gap is 32.7% – the largest in the nation.[i]
What accounts for this large employment gap between whites and Native Americans in South Dakota?
HB1066 continue the current rate of the gross receipts tax imposed on visitor-related businesses
The SD tourism, or seasonal tax, was changed effective July 1 2009 from 1% to 1.5% through June 30, 2013 on certain lodging and amusement services that is imposed for tourism promotion.
House bill 1066 continues … Read more
SB 123 Increase Energy Minerals Severance Tax (raise severed energy minerals tax rates from four and one-half percent to eight percent of their taxable value.)
The South Dakota energy minerals severance tax is a tax imposed on the privilege of severing energy minerals in this state. The tax is imposed … Read more
SB 91 An Act to reduce the rate for the contractor’s excise tax over a period of time and to repeal the contractor’s excise tax in three years.
Currently South Dakota’s 2% contractors excise tax is projected to generate revenues of $90 million for the state general fund in fiscal … Read more
A tax expenditure report is one of several fiscal tools that could help inform South Dakota budget decisions
South Dakota, like most states, is struggling to resolve a structural deficit while maintaining essential state services. Many states take advantage of budget analysis tools that help clarify the options and consequences … Read more
Amid 10% spending cuts, proposal increases South Dakota tax revenues dedicated to economic development
During the past 15 years South Dakota has refunded nearly $69 million of the contractors excise taxes to 38 construction projects1. That is $69 million in state tax revenues that have not been available … Read more