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SEAL SD Core GRT Plan: A New Era of Tax Freedom

Overview

The SEAL SD Core Gross Receipts Tax (GRT) Plan proposes a transformative approach to taxation in South Dakota:

  • Elimination of Property Taxes: Abolishes $1.6 billion in property taxes, providing homeowners with annual savings between $3,000 and $5,000.
  • Introduction of a 5% Statewide GRT: Implements a simple 5% tax on gross receipts, replacing complex tax structures.
  • Exemptions and Rebates:
    • Small Business Exemptions: Protects small enterprises from undue tax burdens.
    • Veterans and Military Families: Offers full exemptions to honor their service.
    • Residency Rebates: Grants a $200 annual rebate to South Dakota residents.

Benefits

  • Financial Relief: Significant annual savings for homeowners and residents.
  • Economic Growth: Simplified tax structure encourages business investment and job creation.
  • Transparency and Simplicity: Replaces convoluted tax codes with a straightforward system.

Safeguards

  • Education and Public Services Funding: Ensures schools, first responders, and essential services remain fully funded through dedicated GRT allocations.
  • Price Stability Measures: Implements checks to prevent inflationary effects due to tax restructuring.

Frequently Asked Questions

Q: Will the GRT cover all necessary state funding?
A: Yes. The 5% GRT is designed to generate sufficient revenue to replace property taxes and fund state obligations.

Q: How does this affect small businesses?
A: Small businesses benefit from exemptions, reducing their tax burden and promoting growth.

Q: What about public services like schools and emergency services?
A: Funding for these services is secured through designated portions of the GRT revenue.

Get Involved

  • Sign the Petition: Help us reach 35,017 signatures by May 5, 2026, to place this initiative on the ballot.
  • Vote: Participate in the November 2026 election to enact this plan.
  • Spread the Word: Share information with friends and family to build support.

For more detailed information, visit our FAQs or explore the full plan.

📅 Upcoming Event

🔴 END TAXES NOW FREEDOM FEAST & FORUM

  • 📍 Location: First Assembly of God, 4905 S Hwy 16, Rapid City, SD
  • Time: May 10, 2025 | 4:00 P.M. – 6:00 P.M.
  • 💲 Cost: $9 Farm-to-Table Meal — RSVP Here

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