Bill > HB1254

This bill proposes to add a new section to South Dakota law, specifically chapter 10-45, which deals with sales tax. The key provision is that the gross receipts from the sale of any "soil amendment" will be exempt from sales tax, provided that at least five hundred pounds of that soil amendment is sold in a single transaction and it is intended for exclusive agricultural use. A soil amendment is a substance added to soil to improve its physical properties, such as its fertility or water retention, and the bill refers to a specific definition found in section 38-19A-1 of the state code. This exemption aims to reduce the tax burden on farmers and agricultural operations by making these soil-enhancing products cheaper.

Agriculture and Natural Resources, Budget and Finance

https://sdlegislature.gov/#/Session/Bill/27108