This bill mandates the South Dakota Department of Revenue to provide annual reports to Indian tribes that have entered into tax collection agreements. The reports, due by December 1 each year, will estimate the total tax collected from January 1 to December 31 of the previous year for each tax specified in the relevant statutes. Additionally, the reports must differentiate between tax revenue collected from remote sellers and nonremote sellers. The department is also required to provide retrospective reports for the years 2020 through 2025 by December 1, 2026.

Furthermore, the bill stipulates that the department must estimate tax collections from tribal members based on the proportion of a county's population that consists of tribe members, as per the latest federal census. This requirement applies to specific counties in South Dakota, and similar to the first report, it must also distinguish between remote and nonremote seller tax revenues. If the department lacks the necessary information to compile these reports, it is tasked with developing a methodology to collect and report the required data.