Rapid City to lose millions of dollars in internet service tax
RAPID CITY, SD — Rapid City is expected to lose more than $2 million in state funding over the next two years.
This follows the congressional repeal of South Dakota’s tax on internet service.
The state is required to stop taxing internet services by mid 2020.
It’s projected that Rapid City will lose $700,000 in state funding next year, and $1.4 million dollars in 2021.