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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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Cookies, clicks and Wayfair: Why economic nexus started

TaxConnex

Something about those Dakotas … The Wayfair case of some six years ago saw three internet-sales companies – home goods and furnishings vendors Wayfair and Overstock and electronics vendor Newegg – challenged by the state of South Dakota to be mandated to collect and remit sales tax on the vendors’ large numbers of sales into the state.

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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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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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As Wayfair turns 6, what’s happening with economic nexus? (part 1)

TaxConnex

In the landmark 2018 case South Dakota v. vs. North Dakota and decreed that physical presence in the internet age is no longer all that’s required to create nexus. Six years ago this Friday, the U.S. Supreme Court decided, narrowly, to complicate life for online sellers. Wayfair, Inc.

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Transaction Thresholds: Vanishing Acts?

TaxConnex

A matter of numbers South Dakota – center of the Wayfair decision – recently eliminated its 200-transaction threshold; only those selling $100,000 or more into the state will be required to register, collect and remit sales tax. At least some states that initially instituted them are now axing transaction thresholds.