Tax & Accounting Blog

South Dakota Debates Increasing the State’s Sales Tax Rate 25%

Indirect Tax, ONESOURCE, Sales and Use Tax October 9, 2012

Three candidates for seats in the South Dakota Legislature, debated increasing the state sales tax on Tuesday, 2 October 2012. Two current lawmakers, state Sen. Dan Lederman, R-Dakota Dunes, and state Rep. Jim Bolin, R-Canton, argued against the 1.0% tax increase that will go before South Dakota voters in Initiated Measure 15. This measure would raise the state tax rate from 4 to 5 percent. The additional revenue would be split between funding education and Medicaid. Lederman claimed that he wants no new measures that would direct more tax revenues to the South Dakota government.

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