South Dakota State News
March 22, 2022
PETER, SD- Governor Kristi Noem has signed tax reforms and Open for Business bills, including SB 212, which repeals all hidden freight charges for South Dakota residents.
“It won’t cost you a penny to exercise your Second Amendment rights in South Dakota,” said Governor Noah. “We guarantee the rights and freedoms of our people, including the freedom for the people of South Dakota to conduct their affairs as they see fit. We continue to promote “Open for Business” policies, and our tax code will reflect this for as long as I serve as governor.
Governor Noem also signed the following 13 tax reforms and Open for Business bills:
- SB 31 provides credit to the Department of Labor and Regulation for the modernization of the company’s re-employment assistance system.
- SB 98 adds an exemption from calculating adjusted gross gaming revenue.
- SB 162 revises the discretionary formula for reducing taxation of new structures and residential properties.
- SB 165 exempts the gross receipts of certain motor coaches from certain gross receipts taxes.
- SB 188 allows unlicensed businesses to store alcoholic beverages.
- HB 1014 opens a credit to fund tax refunds for seniors and people with disabilities.
- HB 1051 amends certain provisions relating to the Small Business Credit Initiative Fund.
- HB 1102 reduces the overall premium requirement for exempt commercial policyholders.
- HB 1173 includes a common payer in the sense of employer unit.
- HB 1271 provides remote work for employees of money lending licensees and mortgage companies.
- HB 1284 increases the household income thresholds for a paraplegic tax reduction.
- HB 1322 provides for the direct sale of certain foods and food products produced or processed at home.
- HB 1325 revises the classification of agricultural land according to soil type.
Governor Noem has signed into law 212 bills and vetoed one during this legislative session.