This bill proposes to suspend the tax collection allowance credit for individuals and businesses that file their tax returns and remit taxes electronically. The suspension will take effect on July 1, 2025, and will remain in place until June 30, 2028.

Specifically, the bill states that the provisions outlined in section 10-45-27.2 will be suspended and deemed nonenforceable during this period. This change aims to temporarily eliminate the financial incentive for electronic tax filing and remittance, impacting how taxpayers manage their tax obligations in South Dakota.

Statutes affected:
Introduced, 01/09/2025: 10-45-27.2
House Appropriations Engrossed, 02/24/2025: 10-45-27.2