South Dakota State Taxes
There is no individual income tax in South Dakota.
South Dakota State Tax ― Sales & Use Tax
The sales/use tax has a rate of 4%. Sales tax applies to the gross receipts of all retail sales, leases, or rentals of tangible personal property and services. The “use tax” (which has the same rate) is imposed on products and services that are used/stored in South Dakota for which SD sales tax has not been paid.
South Dakota State Tax ― Corporate Tax
There is no corporate income tax in South Dakota, although banks are subject to a 6% tax on net income, with a $200 minimum tax per location.
South Dakota State Tax ― Property Tax
Property taxes are enforced by local units of government (including cities, counties, townships, and school districts). Property is taxed according to its true market value, using 3 assessment approaches: the cost approach, the market approach, and the income approach.
South Dakota State Tax Resources
South Dakota Department of Revenue and Regulation: www.state.sd.us/drr2
Index of South Dakota state forms: www.state.sd.us/drr2/drrforms
SD Department of Revenue & Regulation – Business Tax Division: www.state.sd.us/drr2/businesstax
SD Department of Revenue & Regulation – Property Tax Division: www.state.sd.us/drr2/property
“Your Property Taxes” brochure: www.state.sd.us/drr2/booklets/your_property_taxes
SD Department of Revenue & Regulation – Motor Vehicles Division: www.state.sd.us/drr2/motorvehicle
Contact the SD Department of Revenue & Regulation: www.state.sd.us/drr2/contactus