HB 1094 - Reduces Tax Rates on Food and Repeals Conditional Reduction of Certain Gross Receipts Tax Rates - South Dakota Key Vote

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Title: Reduces Tax Rates on Food and Repeals Conditional Reduction of Certain Gross Receipts Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that reduces the state sales tax rate and state use tax rate on food to zero, and repeal a conditional reduction of certain gross receipts tax rates.

Highlights:

  • Reduces the state sales tax rate and state use tax rate on food and food ingredients to zero percent and repeals certain state gross receipt tax rates (Sec. 2).

  • Specifies that this bill shall take effect immediately upon passage and approval by the governor (Sec. 4).

Title: Reduces Tax Rates on Food and Repeals Conditional Reduction of Certain Gross Receipts Tax Rates

Title: Reduces Tax Rates on Food and Repeals Conditional Reduction of Certain Gross Receipts Tax Rates

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