The bill proposes the repeal of the tax collection allowance credit for individuals required to file returns and remit taxes electronically in South Dakota. Specifically, it seeks to eliminate the provisions that allowed a credit equal to one and one-half percent of the gross amount of the tax due, with a maximum limit of seventy dollars per return period. The bill also removes stipulations regarding the credit's applicability to multiple returns within a thirty-day period, as well as the requirement that the credit only applies to taxes reported on specific sales and use tax returns.

In addition to the repeal of the credit, the bill eliminates various conditions tied to the allowance, such as the necessity for timely electronic filing and remittance, the negotiation of credit sharing among entities, and restrictions on individuals using certified service providers. Overall, the legislation aims to simplify the tax filing process by removing the collection allowance credit and its associated regulations.

Statutes affected:
Introduced, 01/09/2025: 10-45-27.2