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flag South Dakota Senate kills two tax bills: one to eliminate property taxes, another to raise gold severance tax, due to feasibility and economic concerns.

flag The South Dakota Senate Taxation Committee rejected two major tax proposals: a bill to eliminate property taxes and replace lost revenue with state funding, and another to increase the gold severance tax to a percentage of market value. flag The property tax bill, backed by Senator John Carley, was defeated due to concerns over feasibility, local control, and the state’s capacity to manage local budgets. flag The gold tax change, proposed by Senator Mike Rohl, aimed to boost revenue for rural water infrastructure but faced opposition from mining industry leaders and local officials worried about economic impacts. flag Both bills were defeated 7-0, with no further action planned before the session’s end, though nearly 20 other property tax reform bills remain pending.

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