South Dakota Rewards Compliant Electronic Filers

Ever feel like you deserve a little reward for filing your taxes on time? Beginning January 1, 2014, the Department of Revenue will do just that: reward taxpayers who file electronically and on time.

Taxpayers who file sales tax returns electronically and on time will receive a collection allowance of 1.5% of the tax due on the sales tax return. In the spirit of moderation, there’s a cap; the collection allowance may not exceed $70 per reporting period.

Not everyone will be rewarded for good behavior. South Dakota does not provide an allowance for contractor’s excise tax returns. In addition, any taxpayer with outstanding payments or delinquent returns on sales tax, contractors’ excise tax, motor fuel tax, or 911 Surcharge accounts will not benefit from the collection allowance.

Luddites, technophobes and traditionalists should know that paper filers will not receive the allowance either.

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