All Roll Calls
Yes: 119 • No: 0
South DakotaSB 18101st South Dakota Legislature (2026)Senate
repeal income modifications for the bank franchise tax pertaining to bad debts.
Sponsored By: Sponsor information unavailable
Signed by Governor
Banks and BankingExecutive/Judiciary RequestTaxation
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Banks lose special bad-debt tax adjustments
The law removes special bad-debt income adjustments from South Dakota’s bank franchise tax calculation. It also updates the amounts banks add to or subtract from taxable income. These rules use federal tax law as amended and in effect on January 1, 2025. The provided text does not specify how much banks’ tax bills change or when the law takes effect.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 2/4/2026
Do Pass
Yes: 69 • No: 0
House vote • 2/3/2026
Do Pass
Yes: 12 • No: 0
Senate vote • 1/21/2026
Do Pass
Yes: 33 • No: 0
Senate vote • 1/16/2026
Do Pass
Yes: 5 • No: 0
Actions Timeline
Signed by the Governor
2/17/2026SenateDelivered to the Governor
2/9/2026SenateSigned by the Speaker
2/6/2026HouseSigned by the President
2/5/2026SenateDo Pass
2/4/2026HouseCertified uncontested, placed on consent
2/3/2026HouseDo Pass
2/3/2026HouseScheduled for hearing
2/3/2026HouseFirst read in House and referred to
1/22/2026HouseDo Pass
1/21/2026SenateCertified uncontested, placed on consent
1/16/2026SenateDo Pass
1/16/2026SenateScheduled for hearing
1/16/2026SenateFirst read in Senate and referred to
1/13/2026Senate
Bill Text
Introduced
1/1/2026
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