- Associated Press - Monday, March 30, 2015

PIERRE, S.D. (AP) - The state Legislature has voted to override the governor’s veto of a measure that would slightly reduce the amount of tax burden on rural electric companies.

Both the House and Senate voted Monday to override Gov. Dennis Daugaard’s veto, and the measure will now become law.

Daugaard said in his veto letter that the exemption would give special preference to a specific type of business, eroding the foundation of South Dakota’s sales tax base.

Sen. Corey Brown urged his colleagues to override the veto and end a “tax on a tax.” It would roll back a recent administrative decision on how state tax for electric cooperatives is determined by excluding municipal taxes from calculations of state tax liability.

That would lower the burden on the rural electric companies.



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