(Pierre, SD) — A new financial analysis is out on the proposed grocery tax repeal for South Dakota. The Legislative Research Council revealed the passage of Initiated Measure 28 could lead to a drop of state revenue anywhere from 130 to 650 million dollars. The measure says the state could not tax on anything sold for human consumption. But the phrase is not defined in statute, which creates the large discrepancy in the analysis. This is leaving some lawmakers concerned about the effect of the grocery tax repeal.
