Loading chat...

SD SB7

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Michael Rohl

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Changes the gold severance tax from a flat rate of $4 per ounce to 1% of market value
  • Narrows the tax scope from all "precious metals" to specifically gold only
  • Defines "market value" as the average London Bullion Market Association gold price over the calendar quarter when the gold was severed
  • Amends § 10-39-43 of South Dakota codified laws

Legislative Description

Modify the tax rate on gold severed in this state.

Taxation

Last Action

Taxation Deferred to the 41st legislative day, Passed, YEAS 7, NAYS 0. S.J. 3

1/21/2026

Committee Referrals

Taxation1/13/2026

Full Bill Text

No bill text available