Tax Holiday Goes into Effect July 1

@SoDakCampaigns

Tax Holiday Goes into Effect July 1

PIERRE, S.D. – The bill to give South Dakotans a tax holiday, HB 1137, will go into effect on July 1st. The bill temporarily lowers the state sales tax rate from 4.5% to 4.2%.

“South Dakotans built the strongest economy in the nation with their work ethic and trust in our Freedom. This tax reduction will give them some relief from the overbearing inflation cause by Washington’s bad policies,” said Governor Noem. “While some help, albeit temporary, is better for our people than none at all, I will continue working to deliver permanent tax relief for South Dakotans.”

Freedom generated these historic revenues, and people should have the Freedom to spend their own money without government intervention.

Governor Noem wrote a letter to the legislature in March upon signing HB 1137. The letter can be found here.

Frequently Asked Questions about the sales tax holiday can be found here.

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7 thoughts on “Tax Holiday Goes into Effect July 1”

  1. I can’t keep track of what is happening in this GOP. You have legislators talking about a tax cut and the gov office talking about a holiday.

    Veto or revision over women’s sports. It’s too bad the gop can’t get the messaging right and consistent.

  2. Taxes were cut, to the tune of about 100 million.

    Word-smithing can continue, but taxes were cut.

  3. Noem’s tax holiday federally expires in a few years too. Hopefully she fixes that too.

  4. They like to spin everything. Tax ‘holiday’ is frickin hilarious. Do I remember correctly that this wasn’t even what she wanted? But signed it because this is what the Legislature sent her? Now she’s owning it like it was her idea?

    As for ‘freedom’ causing all this extra revenue…. How about all that excess government money supply flossing into state coffers? Hundreds of millions. Inflation anyone?

  5. Incredible that she takes a good thing (record cut) and tries to make it sound bad because it wasn’t her idea. Sorry you didn’t get your extremely progressive tax cut and instead got this conservative, fair tax cut…

  6. A permant cut to an individual category of commerce is referenced as an “extremely progressive tax cut”!?!?

    A temporary tax holiday is a “conservative, fair tax cut”!?!?

    Members of the South Dakota RaR* Club really trying to convince us that Up is Down; Down is Up; a Conservative policy (tax cut) is Progressive (liberal) policy.

    * Registered as Republican

    1. Yes, eliminating food tax is extremely progressive when considering all taxes together. Some get a huge tax break as a percentage of total tax burden because they already pay little in taxes, while those that pay a large amount of taxes to the state would receive very little relief relative to their total tax burden. That’s the definition of a progressive tax cut. Tax policy 101. That’s why the Dems have been proposing that idea for years and the Republicans have been opposing it.

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