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  • South Dakota Franchise Tax Financial Institutions Form Sd Eform 2147

Get South Dakota Franchise Tax Financial Institutions Form Sd Eform 2147

SD EForm - 2147 V1 Complete and use the button at the end to print for mailing. HELP South Dakota Franchise Tax on Financial Institutions FOR TRUST COMPANIES For the year beginning20 and ending20 Name Phone No. Address County City Zip code 4 State Contact Person A.

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South Dakota business owners benefit from: No corporate income tax. No personal income tax. No personal property tax.

An interest charge of 1% (. 01) will be assessed each month on any past due tax until the tax is paid in full. (A minimum of $5.00 interest is due the first month).

Every financial institution regularly engaged in business in South Dakota at any time during the year must file a bank franchise tax return.

Types of partnerships: Liability & tax considerations South Dakota requires some partnerships to file a yearly information return that summarizes the profits and losses from the business's in-state activities. This can be done online at the South Dakota Department of Revenue's website.

Since South Dakota does not collect an income tax on individuals, you are not required to file a SD State Income Tax Return. However, you may need to prepare and efile a Federal Income Tax Return.

The specific states that impose a franchise tax include Delaware, Alabama, Arkansas, Illinois, Georgia, Louisiana, Missouri, Mississippi, North Carolina Oklahoma, New York, Texas, Tennessee, Pennsylvania, and West Virginia.

South Dakota also does not have a corporate income tax. South Dakota has a 4.50 percent state sales tax rate, a max local sales tax rate of 4.50 percent, and an average combined state and local sales tax rate of 6.40 percent. South Dakota's tax system ranks 2nd overall on our 2023 State Business Tax Climate Index.

As of 2020, these states included Alabama, Arkansas, California, Delaware, Georgia, Illinois, Louisiana, Mississippi, New York, North Carolina, Oklahoma, Tennessee, and Texas. Kansas, Missouri, Pennsylvania, and West Virginia all discontinued their corporate franchise taxes.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232