(Pierre, SD) — Initiated Measure 28 could cost South Dakota cities and towns a whole lot of money. That’s according to a new report from the South Dakota Municipal League. IM 28 would repeal the state’s four-point-two percent sales tax on groceries. The report laid out the impact numbers for each city and town, tallying up to at least a 51-million-dollar loss in sales tax revenue each year. Opponents of the measure are worried about the vague wording of “anything sold for human consumption, not including alcoholic beverages or prepared food” leading to even more tax revenue loss.
Report Presents Effects Of IM 28 On South Dakota Cities, Towns
