HB 1089-modify the distributions of revenues collected from severance taxation on new permits-passed the House Committee on Appropriations and the House of Representatives unopposed. The bill was heard in Senate Committee on Appropriations on Monday and deferred to the 41st day on a 5-4 vote.
I was persistent and utilized the Joint Rule 7-7, a procedural mechanism known as a “smoke-out,” to force it out of committee with no recommendation and onto the chamber floor for deliberation.
Today, the bill reached the floor, was placed on the calendar and we immediately went into a lively floor debate. HB 1089 changes the formula for severance tax to an 80% state and 20% local split, which is good for all the counties that have gold mining opportunities in their area.
After much discussion, HB 1089 PASSED! The bill is now headed to the Governor’s desk for a signature.
https://sdlegislatur...ill/26874/295174
