Taxes

Governor Kristi Noem wants to make a temporary overall sales tax cut permanent. Lawmakers passed the cut to fight inflation at the time. Backers said organic growth would cover the cost of the cut. But there are competing ideas to reduce the tax burden in the state.

Some state lawmakers are proposing legislation to bring property tax relief next legislative session. That comes as Gov. Kristi Noem is calling on the Republican controlled legislature to make a temporary sales tax cut permanent.

Governor Kristi Noem will address several competing factors in her annual state budget address. The address could be her last. Noem must outline how she will fund state government while balancing one high priced ticket item when revenues are coming in lower than projected. There's also growing pressure for property tax relief.

Attorney General Marty Jackley releases the final ballot explanation for a proposed initiated measure that limits property tax assessment increases.

Initiated Measure 28 has failed at the ballot box. It would have removed the state’s tax on grocery items, and potentially other purchasable consumables.

Initiated Measure 28 is in front of South Dakotan’s this election season. Proponents say IM 28 removes a tax on grocery items they describe as “regressive”, opponents say that wording, and the financial consequences, are far too broad.

South Dakota residents have about a week left to comment on a draft explanation for a proposed initiated measure regarding property tax assessments.

Rapid City government has formally adopted a resolution in opposition to the initiated measure seeking to repeal the state tax for items used for human consumption.”

The backer of a ballot question to remove the state sales tax on items sold for human consumption says the group opposed to the idea are using fear to persuade voters.

One measure on the November ballot gives South Dakotans a chance to weigh in on the state’s grocery sales tax.