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. Specifically, it removes the provision that would have caused the amendments to the relevant Code sections 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, rather than reverting to higher rates after the specified date. This change is intended to provide ongoing tax relief to individuals and businesses subject to these taxes in South Dakota.