South Dakota Introduces Federal Tax Conformity Legislation

Legislation updating Internal Revenue Code conformity for South Dakota’s income tax, known as the bank franchise tax, was introduced. The new conformity date would be January 1, 2019.

What is the Current Conformity Date?

South Dakota’s current IRC conformity date is January 1, 2018.

H.B. 1015, as introduced in the South Dakota House on January 8, 2019

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