An Act to lower the total amount of tax credits that may be claimed on annual premium tax returns.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That 13-65-3 be AMENDED:
13-65-3. Limit on tax credits.
Notwithstanding the provisions of 13-65-2,
the total amount of tax credits claimed on annual premium tax returns
pursuant to this chapter may not exceed two million
five hundred thousand dollars in fiscal year 2017
2021 and each year thereafter.