⏰ This entry is due for review. Information may not reflect the latest regulations.
Taxes
SD
SD No Corporate or Personal Income Tax
South Dakota does not impose a corporate income tax or a personal income tax, making it one of the most tax-favorable states for business. Business activity is subject only to sales tax, use tax, and certain excise taxes. Financial institutions pay a franchise tax in lieu of income tax.
Official Source:
SD Department of Revenue
Always verify current information directly with this agency.