South Dakota sales tax rate do decrease effective July 1st

The State of South Dakota is reminding residents and visitors, the temporary tax holiday will go into effect July 1^st. HB 1137 passed by the state legislature this past session will lower the state’s sales tax rate from 4.5 to 4.2 percent. According to a study produced by Keloland News, this sales tax decrease will save taxpayers about $104 million over the next year or about 30 cents on every 100 spent. This tax cut is not permanent however, as it is set to expire June 30^th 2027 unless the state legislature makes it permanent or extends it sometime before it expires.