HB 1182 - Increases Sales Tax - South Dakota Key Vote
Timeline
- Executive Signed
- March 29, 2016
- Senate Bill Passed
- March 1, 2016
- House Bill Passed
- Feb. 22, 2016
- House Bill Failed
- Feb. 18, 2016
- Introduced
- Feb. 2, 2016
Related Issues
Stage Details
Title: Increases Sales Tax
Signed by Governor Dennis Daugaard
Title: Increases Sales Tax
Vote Smart's Synopsis:
Vote to pass a bill that increases the sales tax, effective June 1, 2016.
Highlights:
- Increases the sales tax from 4 percent to 4.5 percent (Sec. 1).
- Appropriates percentages of the proceeds from the increase in sales tax to the following designations (Sec. 17):
- 63 percent to increasing teacher salaries by school districts;
- 34 percent to reducing property tax levies for general education for all classes of property; and
- 3 percent to increasing instructor salaries at postsecondary technical institutes.
- Requires that each school district’s increase in average teacher compensation from fiscal year 2016 to fiscal year 2017 to equal at least 85 percent of the district’s increase in state aid to general education funding (Sec. 21).
Title: Increases Sales Tax
Vote Smart's Synopsis:
Vote to pass a bill that increases the sales tax, effective June 1, 2016.
Highlights:
- Increases the sales tax from 4 percent to 4.5 percent (Sec. 1).
- Appropriates percentages of the proceeds from the increase in sales tax to the following designations (Sec. 17):
- 63 percent to increasing teacher salaries by school districts;
- 34 percent to reducing property tax levies for general education for all classes of property; and
- 3 percent to increasing instructor salaries at postsecondary technical institutes.
- Requires that each school district’s increase in average teacher compensation from fiscal year 2016 to fiscal year 2017 to equal at least 85 percent of the district’s increase in state aid to general education funding (Sec. 21).
More Info About this Vote
NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.
NOTE: TAX RATE INCREASES AND NEW TAXES MUST BE APPROVED BY AT LEAST A TWO-THIRDS MAJORITY VOTE IN EACH CHAMBER OR BY VOTERS THROUGH AN INITIATIVE.
More Info About this Vote
NOTE: TAX RATE INCREASES AND NEW TAXES MUST BE APPROVED BY AT LEAST A TWO-THIRDS MAJORITY VOTE IN EACH CHAMBER OR BY VOTERS THROUGH AN INITIATIVE.
Title: Increases Sales Tax
Committee Sponsors
- Appropriations Committee (Sponsor)