South Dakota Excise Tax: Contractor's Guide to Compliance 2025
Navigating South Dakota's contractor excise tax can be complex. This guide simplifies the process, providing clear steps for compliance. Understanding South Dakota's Contractor Excise Tax South Dakota imposes a 2% excise tax on most construction projects' gross receipts (total income, including sales tax). This applies to both general contractors and subcontractors. However, the application of this tax depends heavily on the project's classification. Project Classification: Qualified vs. Non-Qualified Utility Projects The primary factor determining your tax obligations is whether the project is a "...