Davison County Discusses Potential 0.5% Sales Tax Increase
What happened
The Davison County Commission hosted the South Dakota Department of Revenue Secretary to discuss adopting a 0.5% sales tax. The Secretary presented projections indicating that the county could net nearly $4.5 million annually from the tax. This projected revenue would cover the $4.14 million share of owner-occupied property taxes currently allocated to the county.
From mitchellrepublic.com
Why it matters
The potential sales tax would provide a new revenue stream for Davison County. If adopted, the projected income would exceed the county's owner-occupied tax share, making it one of 36 counties in South Dakota with that projection.
The Department of Revenue assists counties in South Dakota through the sales tax process.
From mitchellrepublic.com
Who's involved
- Davison CountyCounty discussing the potential adoption of a new sales tax.
- South DakotaState where Davison County is located and where the Department of Revenue operates.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Davison CountySpeculative
Davison County might gain a new, stable revenue stream to cover operational costs.
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The entities involved
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Davison County
county in South Dakota, United States of America
Nothing else this week.
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South Dakota
state of the United States of America
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