South Dakota compliance at a glance
- Sales tax: 4.20% state rate. State 4.2%; applies broadly to services. Combined commonly 6-7%.
- Late fees: Up to 1.5% per month. (S.D. Codified Laws §54-3-4) Default 10%/yr; no usury cap (contract rates allowed).
- Prompt-pay law: South Dakota Prompt Payment Act (S.D. Codified Laws §5-26-1; §44-9A for construction). Construction subs paid within 30 days of GC receiving payment.