This February, Amazon will begin collection South Dakota sales tax, reports Keloland News. South Dakota will be the 35th state which receives sales tax revenue through Amazon sales.
The new agreement was announced by Governor Daugaard during his 2017 State of the State Address. He also noted that the agreement with Amazon was voluntary. Remittance of the sales tax is slated to begin in late March.
In December 2016, the Black Hills Knowledge Network conducted an analysis of sales tax revenue lost through online sales in the Black Hills region. The analysis found that in the Black Hills alone, internet sales may be costing South Dakota $13.8 million annually.
To learn more, read the full analysis of the impact internet sales have on South Dakota Sales Revenue. Visit the Black Hills Knowledge Network’s sister site, the South Dakota Dashboard, to learn more about the economy in South Dakota.