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SB 7: Rohl Would Ten-Tuple Tax on Mining Gold
Summary by Dakota Free Press
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SB 7: Rohl Would Ten-Tuple Tax on Mining Gold
Tax hike! Tax hike! A Republican legislator is proposing a tax hike! Senator Michael Rohl (R-1/Aberdeen) proposes Senate Bill 7 to increase South Dakota’s tax on gold. Currently South Dakota imposes a severance tax on gold. For every ounce of gold you mine, extract, or produce, you have to pay the state $4. The Legislature set that severance tax rate in 1994. Senator Rohl says the state should get a bigger piece of the action: his Senate Bill 7 …
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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