(S.D.)- Online Ruling Boosts South Dakota's Sales Tax Revenue
SIOUX FALLS, S.D. (AP) - South Dakota has seen an uptick in sales tax revenue following a June 2018 Supreme Court decision that allows it to collect money from online retailers.
A new law following that decision , which requires online businesses to pay sales taxes if they conduct at least $100,000 in gross sales in at least 200 transactions in the state, went into effect Nov. 1.
Revenue Secretary Jim Terwilliger says business tax licenses issued to out-of-state and online retailers since then have helped South Dakota pocket $15.9 million in tax revenue.
The Argus Leader reports that Terwilliger says the ruling was a "landmark decision" in tax administration.
Thirty-one states have enacted legislation allowing them to collect sales taxes from online businesses.
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