Committee approves temporary local sales-tax option for voter-approved capital projects The House Local Government committee approved HB1245, which would let municipalities create a temporary up-to-1¢ local funding mechanism (subject to capital improvement board review and a 60% voter approval) for project-specific capital needs; the committee adopted amendments addressing Streamlined Sales Tax compliance and sent the bill to the House floor (8–4).

South Dakota's new House Bill 12-45 could revolutionize local funding for capital projects, allowing voters to decide on temporary sales tax increases for community improvements.

Click to read more!

#SD #MunicipalImprovements #CitizenPortal #VoterFinancing #TaxReform #SouthDakotaCapitalProjects