Income/Franchise:
South Dakota: New Law Updates State Conformity to Internal Revenue Code for Bank Tax Purposes
H.B. 1010, signed by gov. 2/10/22. Effective July 1, 2022, new law generally updates statutory references to the Internal Revenue Code as it existed from January 1, 2021 to January 1, 2022, for state financial institution/bank franchise tax purposes. Please contact us with any questions.
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