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Sales Taxes in South Dakota to Decrease

CPA Practice

Unless the South Dakota Legislature decides to extend the reduced rate, the 4.2% Groceries will remain subject to South Dakota sales tax Although Governor Kristi Noem signed HB 1137 into law on March 21, she wasn’t in favor of it. “I Why cut the South Dakota sales tax rate now? Wayfair, Inc. June 21, 2018).

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Economic Nexus by State Following South Dakota v. Wayfair

Anders CPA

The decision of South Dakota v. Updated 9/13/2023 The post Economic Nexus by State Following South Dakota v. Wayfair is causing states to enforce economic nexus laws to collect sales tax from out-of-state sellers with a connection to the state. The chart is updated regularly as states adjust their requirements.

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Wayfair v. South Dakota: 5 Years Later Update

Cherry Bekaert

South Dakota was a landmark case that clarified how sales tax is determined and collected. Brought about by a group of online retailers that challenged a South Dakota law, the case has had major impacts on how state and local jurisdictions throughout the U.S. establish physical presence or nexus.

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South Dakota State Tax Updates

Withum

For the latest news and updates on South Dakota state and local tax. South Dakota May Legalize Recreational Cannabis. On February 23 rd , 2022, South Dakota took a step forward in potentially legalizing recreational cannabis after the state senate approved legalizing and taxing the cannabis by the slimmest of margins.

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States ease nexus thresholds

TaxConnex

South Dakota – center of the Supreme Court’s landmark decision in 2018 – recently eliminated its economic nexus transaction threshold. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax.

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Sales tax and accounting services

TaxConnex

South Dakota taxes accounting services and might be a model for how states could tax this service in the future. Accounting services – which in general are increasingly delivered online with diminishing concern for state borders – are subject to South Dakota sales tax, plus applicable municipal sales tax, with sourcing rules.

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When do I have to start collecting out of state sales tax? Part 1

TaxConnex

South Dakota v. The provisions of Wayfair allowed South Dakota to compel businesses with at least $100,000 in gross revenue sourced to the state of South Dakota to collect the applicable sales tax. Supreme Court decided in? Wayfair, Inc. States’ individual thresholds varied from the start, and still do.

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