Home > 2015 SD Legislative Session > Senate State Affairs committee has 5 bills on Weds Feb 18

Senate State Affairs committee has 5 bills on Weds Feb 18

February 18, 2015

johnny-automatic-hog-2On Wednesday, February 18th, at 10:00 AM the SD Senate State Affairs committee will take on 5 bills.

Well, not really five bills. A few of these are likely to be killed or deferred unless they are needed.

SB 140 – SoDakLiberty Posts – Accommodate legislation relating to education in South Dakota.

This is a hoghouse vehicle bill to be used in case an education related bill is needed.

SB 141 – SoDakLiberty Posts –  Accommodate legislation on medical services.

This is a hoghouse vehicle bill in case a medical related bill is needed.

SB 142 – SoDakLiberty Posts – Enhance South Dakota.

This is a generic hoghouse vehicle bill.

SB 191 – SoDakLiberty Posts – Revise certain provisions regarding capital outlay certificates and lease purchase agreements of school districts and the pledge of foundation program aid to secure such obligations.

The SD Office of the Governor asked for this bill. This is a bill that testimony will have to be listened to.

SJR 2 – SoDakLiberty Posts – Proposing and submitting to the electors at the next general election a new section to Article XI of the Constitution of the State of South Dakota, relating to the imposition of an education franchise tax on profits of corporations and dedication of the revenue therefrom.

Sen Bernie Hunhoff (D, Dist 18) and Rep Thomas Brunner (R, Dist 29) are the prime sponsors. hopefully this resolution is DOA. Here is the text of the SD Constitutional Amendment being proposed:

The Legislature shall impose an education franchise tax by imposing a tax on the profits of corporations doing business in South Dakota. However, this section does not apply to any insurance company subject to a tax on gross premiums or financial institution subject to the bank franchise tax. The revenue and interest generated by the tax, less the cost of administration, is dedicated to improving the salaries of elementary and secondary public school teachers. The Legislature shall establish the rate of taxation.

Wow. I don’t see such a tax on corporations making it out of committee. At least I hope not. Right now the state does not need to hurt more small business owners.

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