SOUTH DAKOTA BUSINESSES ARE PREPARING FOR THE SALES TAX DECREASE GOING INTO EFFECT ON SATURDAY, JULY 1ST.
THE MOVE COMES FROM HOUSE BILL 11-37. BUSINESSES AROUND THE STATE ARE GOING TO HAVE TO MAKE ADJUSTMENTS TO THE LOWER TAXES, LIKE ADJUSTING POINT-OF-SALE SYSTEMS, EVEN THOUGH IT WILL ONLY CHANGE BY ABOUT A QUARTER OF A PERCENT.
OWNERS ARE HOPEFUL THAT THEY COULD START SEEING A POSITIVE IMPACT ON THEIR SALES AND AN INCREASE IN CUSTOMERS.
THE REDUCTION WILL EXPIRE AND GO BACK TO THE FOUR-POINT-FIVE PERCENT RATE IN 2027.
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