The bill amends South Dakota law by updating the definition of the "United States Internal Revenue Code" and "Internal Revenue Code" to refer specifically to the version that is amended and in effect as of January 1, 2025. This change is intended to ensure that various sections of the law, including 10-4-9.1, 10-4-9.2, 10-4-9.3, 10-4-9.4, 10-4-39, 10-6-157, and 10-43-10.1, as well as several subdivisions, are aligned with the most current federal tax regulations.

By making this amendment, the bill seeks to clarify and modernize references to the Internal Revenue Code within state law, ensuring that South Dakota's tax regulations remain consistent with federal standards as they evolve. This update is crucial for maintaining the relevance and accuracy of state tax law in relation to federal tax policy.

Statutes affected:
Introduced, 01/08/2025: 10-1-47
Enrolled, 02/11/2025: 10-1-47