Changes the tax rate on gold severed in South Dakota to one percent of the market value.
South Dakota SB7 modifies the tax rate on gold severed within the state. It changes the tax from a fixed amount per ounce to one percent of the market value of the gold. The market value is defined as the average London Bullion Market Association price of gold over the quarter in which the gold was severed.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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