This bill aims to repeal the expiration date of a reduction in certain gross receipts and use tax rates established in the 2023 Session Laws, chapter 32. Specifically, it removes the provision that would have caused the amendments to revert back to their previous state on June 30, 2027.

By eliminating this expiration clause, the bill ensures that the reduced tax rates will remain in effect indefinitely, thereby providing ongoing financial relief to taxpayers in South Dakota. This change reflects a commitment to maintaining favorable tax conditions without a predetermined end date.