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.

Read More: http://siouxcityjournal.com/news/local/s-d-candidates-debate-sales-tax-increase-gun-rights/article_cfc10ae8-81a3-5386-8fbf-8efa744f71f6.html