S.D. House Taxation Committee may have tabled a telecom tax that ...
S.D. House Taxation Committee may have tabled a telecom tax that critics said would have made it the most regressive telecom state. Committee voted 11-4 to postpone action on SB-214, which would have imposed a 3.5% excise tax on…
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telecom, Information Technology Assn. of America (ITAA) spokeswoman Tinabeth Burton told us. S.D. currently has the nation’s 5th highest telecom taxes, but the new bill would have made it the country’s largest tax rate on intangible property, Burton said. Committee voted to postpone action on tax until 44th day of S.D. session. S.D. session has only 40 days, a legislature spokeswoman told us. Burton said it was her understanding that was means of tabling legislation. S.D. lawmakers didn’t return phone calls. “South Dakota would have been going against the trend,” Burton told us. “It was considering this tax at a time when 17 of 25 states that had this tax had dropped it.” She said tax would have created hostile business environment for telcos, ISPs and other high-tech businesses.