HB 1089·SD·house
modify the distributions of revenues collected from severance taxation on new permits.
Signed into LawFiled Jan 20, 2026
Sponsor: Deibert
Latest Action
Signed by the Governor on 2026-03-17
Mar 30, 2026
Summary
The legislation revises the distribution formula for taxes collected on new precious‑metal severance permits. It sets an 80%/20% split between the state general fund and the county where the mining occurs for permits issued after 1981, with special rules for older operators and for permits issued after July 1 2026. Revenues from state‑owned lands go to the common school permanent fund, and counties must receive their share each month.
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