According to the SD Constitution¹ it now takes a simple majority of South Dakota voters to change a law or amend the constitution.   South Dakotans can make changes with a ballot measure – referring a law, initiating a new law or amending the constitution.

Senate Joint Resolution 2 (SJR2) proposed a state-wide … Read more

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According to the SD Constitution¹ it now takes a simple majority of South Dakota voters to change a law or amend the constitution.   South Dakotans can make changes with a ballot measure – referring a law, initiating a new law or amending the constitution.

Senate Joint Resolution 2 (SJR2) proposed a state-wide … Read more

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Estimates show increasing state continuing revenues for the next two budget years with fluctuating one-time revenue amounts

SD is expecting $1.349 billion in general fund revenues in FY13 and $1.328 billion in revenues in FY14.  This does not reflect a decrease in continuing receipts.  In fact continuing receipts (those that come into … Read more

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According to the SD Constitution¹ it takes a majority of South Dakota voters to change a law or amend the constitution.   They can make changes with a ballot measure – referring a law, initiating a new law or amending the constitution.

Senate Joint Resolution 2 (SJR2) proposes a state wide vote to … Read more

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  SD HB1154 proposes lowering state sales tax on certain food items and increasing sales tax on other goods and services in a revenue-neutral exchange.

In layman’s terms this means:

• dropping the state 4% sales tax on grocery food items (except pop and candy)
•  increasing the state sales tax on all

… Read more

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SB 124  a bill to increase the real estate transfer fees and to revise the distribution of the fees  http://legis.state.sd.us/sessions/2013/Bill.aspx?Bill=124

Senate Bill 124 would increase South Dakota’s current real estate transfer fee from 0.1% (or 50 cents of every $500 in real estate value) to 1% (or $5.00 of … Read more

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Who Pays?  A distributional anlaysis of tax systems in all 50 states

Like most state tax systems, South Dakota takes a much larger share from middle- and low-income families than from wealthy families. That’s according to the fourth edition of “Who Pays? A Distributional Analysis of the Tax Systems in … Read more

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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 that … Read more

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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

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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 year 2014 (FY14).  The historic … Read more

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