Noem introduces bill to eliminate sales tax on groceries

PIERRE, S.D. (KOTA) – Tuesday, Gov. Kristi Noem, Rep. Mary Fitzgerald, and Sen. John Wiik launched HB 1075, which can ship the biggest tax minimize in South Dakota historical past by eliminating the gross sales tax on groceries. This proposal would put $102 million again into the pockets of South Dakotans.

“I’ve visited dozens of grocery shops throughout South Dakota in latest months, and each time, I meet South Dakotans who’re shocked by the rising price of meals,” Noem stated. “They want aid – and we will afford to offer it to them.”

The Shopper Value Index for “meals at dwelling”, has risen 19 p.c within the final two years. This tax minimize will fight that inflation in a direct and clear means, and shoppers will see that influence on their receipts each time they’re on the grocery retailer.

“Eliminating this tax will make it simpler for South Dakota households to make ends meet, together with my very own youngsters and grandkids,” stated Fitzgerald. “As a former appropriator, I’m assured that our state finances can afford this whereas nonetheless planning conservatively and responsibly for the long run.”

“We hear rather a lot from particular curiosity teams within the Capitol yearly, but it surely’s time that we foyer on behalf of the taxpayer,” stated Wiik. “As we proceed to shatter our state’s income data, legislators should ask ourselves, ‘how a lot is sufficient earlier than we lastly give it again to the folks?’”

The invoice was launched with 10 cosponsors, together with 6 within the Home and 4 within the Senate. The tax minimize won’t influence gross sales taxes collected by cities.

Noem mentioned eliminating the grocery tax in her State of the State Tackle; you’ll find these remarks right here.

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