On Mar. 31, 2025, SD LEG reported bill signed into law by governor; effective Jul 1.
On Mar. 10, SD LEG enrolled bill re employer contributions, fee rates.
SD LEG enrolled Bill SB 26 to amend South Dakota Codified laws SD LEG 61-5, reduce employer contribution rates, increase administrative fee for reemployment assistance.
Added section to include reserve ratios for taxable wages paid on/after Jan. 1, 2026.
For experience training, which requires administrative fee, a fee of eight-hundredths percent must be paid by employer for calendar year 2026 and each year thereafter.
Bill requires the department to deposit the proceeds from the administrative fee in the clearing account of the unemployment compensation fund for clearance only.
The proceeds may not become part of the fund, and bill accounts for calculation of reserve ratio through 2026; investment fee rate and reserve ratio was also updated.
Legislative History
On Jan. 14, 2025, bill introduced in Senate; on Feb. 19, 2025, bill passed in Senate.
On Feb. 20, 2025, bill introduced in House; on Mar. 6, 2025, bill was passed in House.
On Mar. 10, 2025, bill was enrolled, and is pending delivery to the governor for action.
Effectiveness
SD law sets effective date of bills passed in this regular session as Jul. 1, 2025.
Mar. 2025 SD LEG Governor Approval
On Mar. 31, 2025, SD LEG reported bill signed into law by governor; effective Jul 1.
Regulators
SD LEG
Entity Types
CNSM; Corp; Inv Co
Reference
Bill SB26, 3/31/2025; Bill SB26, 3/10/2025; Citation: *SD LEG* 61-5, 61-5-25.6, 61-5-28.1, 61-5-29;
