South Dakota ~ Corporate Income, Franchise Taxes: IRC Conformity Bill Passes House

first_imgCCH Tax Day ReportThe South Dakota Senate has passed a bill that would, if enacted, update South Dakota’s bank franchise (income) tax federal Internal Revenue Code (IRC) conformity date to January 1, 2017 (the current conformity date is January 1, 2016). The bill passed the South Dakota Senate on January 17, 2017.S.B. 38, as passed by the South Dakota House on January 25, 2017last_img