🎖️ Military Service Benefits: Honoring Our Heroes

🏛️ SEAL SD Supports Military Families with the Core GRT Plan

At SealSD.com, we’re committed to honoring the sacrifices of military families through the Core GRT Plan—part of the Maximum Liberty Plan (Plan 2). This plan replaces all state taxes with a single 5% Gross Receipts Tax (GRT), generating $3.6 billion, and includes a 100% GRT exemption on business income for active-duty military members and their immediate families, costing $4.78 million for 18,000 households. This page outlines the specific benefits for military families, including eligibility, financial impacts, and safeguards to ensure fairness, so you can see how the Core GRT Plan supports South Dakota’s heroes.

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🛡️ 100% GRT Exemption: Tax Relief for Active-Duty Families

The Core GRT Plan offers a complete exemption from the 5% GRT on business income for active-duty military members and their immediate families:

• Eligibility: Active-duty military members, their spouses, and dependent children under 21 qualify. You’ll need to verify your status annually with a DD-214 or active-duty ID, and family members provide marriage or dependency certificates.
• Financial Impact: For a military family with a small business earning $100,000 annually, this exemption saves $5,000 in taxes each year (5% GRT rate). Across South Dakota, this benefits 18,000 households, costing $4.78 million in total.
• Impact: This tax relief reduces financial burdens, allowing military families to keep more of their hard-earned money while serving our country.

Analogy for Clarity: Our picnic gives military heroes and their families a free pass—no $5 picnic fee for their lemonade stand, saving them $5,000 to enjoy the picnic without worry!

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💰 Additional Benefits: Supporting Military Homeowners

Beyond the GRT exemption, military families who own homes in South Dakota benefit from the broader impacts of the Core GRT Plan:

• Property Tax Elimination: Like all South Dakotans, military homeowners save $3,000–$5,000 annually by eliminating property taxes. For a $300,000 home in Rapid City, that’s $4,500 saved each year (1.5% rate).
• Residency Rebates: Active-duty families living in South Dakota for 6+ months qualify for a $200 rebate per person—$400 for a couple, totaling $60 million for 300,000 residents state-wide.
• Net Financial Gain: A military couple in Rapid City might save $4,500 (property taxes), gain $400 (rebates), and save $5,000 on their business income—a total benefit of $9,900 annually, minus minimal GRT pass-through costs.

Analogy for Clarity: Military families get a picnic triple win—free picnic spots ($4,500), $400 in picnic gift cards, and a free pass for their lemonade stand ($5,000), making their picnic $9,900 richer!

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Analogy for Clarity: Our picnic has guidebooks for heroes—learn how to share the picnic pie, keep out sneaky guests, pass your picnic ticket, and stay on the picnic guest list!