PIERRE, S.D.(HubCityRadio)- The Senate Tax Committee heard testimony on SB7.  The bill at the start of the session was modify the tax rate on gold severed in this state.

Prime sponsor of the bill was District 1 Senator Michael Rohl.

Rohl has been receiving feedback on the bill as it stood and offered two amendments to the bill.

The committee approved both amendments and defer the bill to a later date.  The updated title of the bill is now as followed:

An Act to modify the tax rate on and tax distributions for gold severed in this state and to create a new fund for rural water infrastructure projects.