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SD SB195
Bill
AI Summary
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Repeals the sunset provision (Section 19 of 2023 Session Laws, chapter 32) that would have ended gross receipts and use tax rate reductions on June 30, 2027
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Makes permanent the tax rate reductions originally enacted in sections 1-17 of the 2023 legislation, which were scheduled to automatically expire
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Prevents the tax code from reverting to pre-2023 higher rates that would have otherwise taken effect after the expiration date
Legislative Description
Repeal the expiration of a reduction in certain gross receipts and use tax rates.
Taxation
Last Action
Senate Reconsidered, Failed, YEAS 16, NAYS 17. S.J. 295
2/18/2026
Committee Referrals
Appropriations1/29/2026
Full Bill Text
No bill text available