On July 1, 2023, South Dakota’s tax rate will decrease from 4.5 percent to 4.2 percent.
The three-tenth percent sales tax decrease was created by House Bill 1137.
The state tax rates affected by the changes are:
• Sales and use tax;
• Excise tax on farm machinery and farm attachment units;
• Amusement device tax; and,
• Motor vehicle gross receipts tax.
HB 1137 includes a sunset clause which repeals the rate reduction effective June 30, 2027....
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