South Dakota Governor Signs Law Repealing Certain Obsolete State Estate, Inheritance Tax Provisions

The South Dakota Governor Feb. 12 signed a law repealing certain obsolete state estate and inheritance tax provisions. The law includes measures: 1) amending the exemption for public body-issued bonds; 2) repealing obsolete inheritance tax determination and proceedings provisions; 3) amending property affidavit spousal joint tenancy termination requirements; and 4) amending apportionment rules. The law generally takes effect July 1. [/SD\FINAL\2021R1HB1022///, enacted 02/12/21]

Reference: View Bill. View Legislative Information.