2023 Legislative Session includes change in State Tax Rate

The 2023 Legislative Session, HB1137, Reduces the state tax rate from 4.5% to 4.2% effective July 1, 2023.

Municipal taxes are not affected by the rate decrease.  Municipal tax rates remain the same.

Complete information for both State and City taxes can be obtained by contacting the SD Department of Revenue.

https://dor.sd.gov/

South Dakota Department of Revenue

Author: MilbankSD

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