WINTER 2019 SOUTH DAKOTA DEPARTMENT OF REVENUE - …

WINTER 2019

SOUTH DAKOTA DEPARTMENT OF REVENUE

NEWSLETTER

Message From Secretary Jim Terwilliger

Greetings from the South Dakota Department of

family and I have made South Dakota our home.

Revenue!

We have hit the ground running at DOR to begin

I am humbled and excited to join the DOR team, and 2019, as we are in the midst of a busy legislative

I am looking forward to continuing DOR's

session. We are often one of the most active state

partnerships throughout the state.

agencies during session, providing advice and

I was appointed as Secretary of Revenue by Governor analysis to legislators.

Noem after serving for more than 12 years at the

While legislative session continues, we remain

South Dakota Bureau of Finance and Management committed to providing the best customer service

as State Economist and most recently as Deputy

possible. In this newsletter, we highlight resources

Commissioner.

such as annual reports, remote seller taxation

I grew up in Iowa and attended school at USD in

guidance, and more.

Vermillion, where I earned a bachelor's and master's As always, please contact our dedicated staff if we

degree. After I stepped foot in South Dakota, I fell in can provide any assistance to you. We hope you

love with the people and culture, and that's why my enjoy this edition of our newsletter!

South Dakota Department of Revenue

Winter 2019 Newsletter

What Can We Do For You Today?

As you may have noticed, our newsletter has a new look! This new design is a part of the Department of Revenue's ongoing rebrand. The rebrand features new logos, colors, documents, and publications. We are also working toward a more user-friendly website to help us provide the best customer service possible. Of course, our rebrand was not completed without help. Individuals, businesses, and local governments aided us by participating in a brand perception survey, and we greatly appreciate their feedback on how we can best serve the citizens of South Dakota.

INSIDE

Fiscal Year 2018 Annual Report 2018 TIF Annual Report Remote Seller Taxation Due Dates Lucky For Life Winner Lottery Mobile App Update Record Retention Tips Municipal Sales Tax Changes E-Services

CONTACT US

SD Department of Revenue 445 E Capitol Avenue Pierre, SD 57501 Website: Phone: 605-773-3311 Taxpayer Assistance Center: 1-800-829-9188 Motor Vehicles: 605-773-3541 SD Lottery: 605-773-5770 Gaming Commission: 605-773-6050

South Dakota Department of Revenue

Want to Review the DOR's Fiscal Year 2018?

Want to review the Department of Revenue's Fiscal Year 2018? Whether you are looking for revenue totals or department functions, our annual report can be your one-stop resource for all things DOR. To access the annual report, please click here. Please note that Google Chrome should be used for optimal viewing.

Tax Increment Financing Annual Report Now Online

The beginning of 2019 also brought the publication of the second annual Tax Increment Financing (TIF) report. TIFs are a tool used by municipalities and counties to redevelop areas or grow a local economy by offsetting the cost of public infrastructure improvements. TIFs can be useful in attracting private investments and businesses, which translate into more jobs and a growing tax base . The report contains the classifications for TIF districts as authorized by state law, a TIF district summary, and a breakdown of each of the 182 active TIF districts throughout South Dakota. Click here to view the TIF Annual Report.

Winter 2019 Newsletter

REMOTE SELLER TAXATION GUIDANCE

CLICK HERE FOR THE LATEST REMOTE

SELLER STATS

South Dakota's remote seller law went into effect November 1, 2018, and the Department of Revenue continues to provide support to both in-state and out -of-state retailers who sell products online.

Due to the nationwide impact of the United States Supreme Court's South Dakota vs. Wayfair decision, some in-state businesses may be affected by the ruling.

Licensing and Collection

Marketplace Platforms

South Dakota's marketplace platform law will take effect March 1, 2019.

If a South Dakota business or individual sells products through a marketplace provider, the marketplace will remit sales tax if they meet the law's thresholds. If a marketplace is remitting the sales tax, businesses will not be responsible for sales tax remittance on sales through that marketplace.

While South Dakota's remote seller law does not

Additional Resources

directly apply to in-state businesses, other states have If you have further questions about how these laws

implemented similar laws that do. You can quickly

affect you, visit our dedicated webpage at http://

access contact information for each state's tax

remoteseller.

collection agency by visiting our state-by-state

directory to determine if a state you do business in The webpage features an overview of both our

requires you to collect tax.

remote seller and marketplace laws, including

licensing and threshold information. The webpage has

We also encourage in-state retailers who sell products specific content for out-of-state retailers, in-state

online to register for tax collection through the

retailers, marketplaces, and consumers.

Streamlined Sales Tax Project. Businesses may register

free of charge, allowing them to conveniently file and The department also provides assistance through our

pay their returns with the 24-member states.

website's live chat feature or over the phone at

1-800-829-9188.

The Streamlined Sales Tax Project also features a look

at each of it's member states' remote seller laws.

South Dakota Department of Revenue

Winter 2019 Newsletter

Municipal Tax Changes

Effective January 1, 2019, two South Dakota communities implemented new municipal taxes or updated their current municipal tax rate.

The municipal tax changes taking effect included:

Trent, S.D. increased its 1 percent general sales and use tax rate to 2 percent.

Interior, S.D. increased its 1.9 percent general sales and use tax rate to 2 percent. In addition to the 2 percent sales and use tax rate, a 1 percent municipal gross receipts tax applies to lodging, eating establishments, alcoholic beverages, and ticket sales or admissions to places of amusement, athletic and cultural events.

Click here for more information on these changes.

Due Dates

Tax Return Due Date

January

02/20/2019

February

03/20/2019

March

04/22/2019

April

05/20/2019

Motor Vehicle Registration Dates Vehicle registration renewal due dates are based on the first letter of your last name which then correlates to a particular month. January? A/B February? C/D/E March? F/G/J *April and December are non-renewal months

South Dakota Department of Revenue

Lottery Mobile App Update

The newest version of the Lottery's mobile app is now available! The latest version corrected bugs that affected our ticket scanner, and you can now view our scratch ticket lineup within the app. The app allows users to access information about lotto jackpots, promotions, an interactive retailer map, a ticket scanner, and more. The app also allows members of the Lottery's Players Club to enter exclusive second chance drawings by simply scanning qualifying nonwinning tickets. The app is available on all Android and Apple devices.

Winter 2019 Newsletter

SD Lottery Celebrates First Lucky For Life Top Prize Winner

Brandi Jo Hanson's lucky numbers will pay dividends "It makes me feel like she's watching over me up

to the tune of $1,000 a day for the rest of her life.

there," Hanson said.

The 23-year-old Aberdeen resident claimed her life- Hanson and her family wasted little time seeing if she

changing prize from the South Dakota Lottery after was the winner after the drawing. She notes that her

becoming the state's first Lucky for Life top prize

mother learned of South Dakota's winning ticket early

winner. Hanson purchased her ticket at Ken's

the next morning, and the rest was history.

SuperFair Foods in Aberdeen prior to the December 31 drawing.

"My mom got up at about 3 in the morning to check her tickets, and she saw somebody from South

"I feel very blessed. I'm very grateful," Hanson said. Dakota won," Hanson said. "She told me to check if I

"It's life-changing. It's a little overwhelming. I was

won, so I went to the website and knew right away

really scared at first, and I didn't know what to do. that those were my numbers."

Now, after talking things out with my financial advisor, we have a plan."

Now that the initial shock of winning has subsided a bit, Hanson is beginning to make plans for her new

Hanson somewhat created her own luck in ringing in wealth. Most importantly, she's hoping to give back

the new year with the top prize. She notes that she to those closest to her.

purchases lotto tickets about once a week, and when

she does, she chooses her numbers based on her

"There's a lot going on in my head. There's so

grandmother's birthday, her grandfather's birthday or much I want to do. The important thing I want

their anniversary.

to do is give back to people. I have a nephew

In this instance, she chose her grandmother's birthday, which makes her win even more special.

who is 9, and I want to set up a college fund for him. I have a lot of ideas."

South Dakota Department of Revenue

Winter 2019 Newsletter

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download