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SD Sales Tax Increase Will Hit Farm Machinery

SD Sales Tax Increase Will Hit Farm Machinery

Photo: WNAX


As part of the sales tax bill passed by this year’s legislature, farm machinery will be included in the new four and a half percent rate.
Senator Jason Frerichs of Wilmot says the classification for machinery was changed in the process…..

Frerichs says that additional tax comes at a bad time for agriculture….

Frerichs says he is concerned about the impacts to beginning farmers….

Frerichs says it will be difficult to adjust the tax downward again for machinery.