Taxes

Gov. Kristi Noem is making the case to state lawmakers on cutting the sales tax on food. She made the second pitch during the annual state of the state address.

A legislative leadership committee is greenlighting a report for a proposed property tax cut. The proposal will likely come up during the 2023 legislative session.

Officials said a pair of ballot questions would prohibit the state and municipal governments from collecting sales tax on food.

A proposal to end the state's food sales tax, a move that's been championed by legislative Democrats, is finding traction among Republican lawmakers.

At a campaign event in Rapid City Gov. Kristi Noem took a cue from state Democrats promising to repeal the states 4.5% grocery tax. It's a position state Democrats have long advocated.

The South Dakota Department of Revenue reports the 2022 Sturgis Rally tax revenue from temporary vendors totaled about $1.5 million — down 14% from 2021's $1.8 million.

Some South Dakota counties say the cost of providing essential services is outpacing property tax revenues.

Senate Republicans are rejecting a proposal to cut the state sales tax by a half a percent.The bill would cut the sales tax from 4.5 percent down to 4 percent. The half percent tax was added in 2016 to increase teacher pay and provide property tax relief.

This week the program to refund the municipal portion of property taxes was approved by the Sioux Falls City Council. Today, more about the Municipal Property Tax Refund Program. Curt Soehl is a member of the Sioux Falls City Council.

Leaked documents show that Sioux Falls trust companies hold millions of dollars, some of which is tied to leaders and companies accused of human-rights abuses.