P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Fryslie
P    Hundstad
P    Maher
P    Nelson (Tom)
P    Nygaard
P    Lederman, Vice-Chair
P    Hansen (Tom), Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by chair, Senator Tom Hansen.

MOTION:    TO APPROVE THE MINUTES OF MONDAY, FEBRUARY 7, 2011

Moved by:    Lederman
Second by:    Fryslie
Action:    Prevailed by voice vote.

        SB 145: revise the provisions concerning the types of taxes that the state may enter into compacts with Indian tribes.

        THE CHAIR DEFERRED SB 145 UNTIL MONDAY, FEBRUARY 14, 2011

        SB 167: repeal certain sales and use tax exemptions.

Presented by:    Senator Eldon Nygaard
Proponents:    Senator Ryan Maher
Opponents:    David Bordewyk, SD Newspaper Association
        Zach Lautenschlager, SD Tea Party Alliance & Campaign for Liberty

    10-45-14.2. Ink and newsprint when used in the production of shoppers' guides are hereby exempt from the tax imposed under this chapter.

    Section 2. That § 10-45-110 be repealed.

    10-45-110. There are hereby specifically exempted from the provisions of this chapter and from the computation of the amount of tax imposed by it, gross receipts from the sale of coins, currency, or bullion. For the purposes of this section, the term, bullion, means any bar, ingot, or commemorative medallion of gold, silver, platinum, palladium, or a combination of these metals where the value of the metal depends on its content and not the form. For the purposes of this section, the terms, coins and currency, mean any coins or currency made of gold, silver, or other metal or paper which is or has been used as legal tender.

    Section 3. That § 10-46-9 be amended to read as follows:

    10-46-9. The use in this state of tangible personal property including containers, labels, and shipping case thereof which is intended shall, by means of fabrication, compounding or manufacture become a part of other tangible personal property intended to be sold ultimately at retail within or without the State of South Dakota, is hereby specifically exempted from the tax imposed by this chapter. The term, tangible personal property, shall be construed to include without limiting the meaning of said the term, raw material and newspaper print.

    Section 4. That § 10-46-9.1 be repealed.

    10-46-9.1. Ink and newsprint when used in the production of shoppers' guides are hereby exempt from the tax imposed under this chapter.

whose advertisements are solicited from the general public and whose publications are for free distribution to the general public and are published regularly at least once a month, consisting of printed sheets containing advertising, bearing a date of issue, and devoted to advertising of general interest.

    Section 5. That § 10-46-71 be repealed.

    10-46-71. There are hereby specifically exempted from the provisions of this chapter and from the computation of the amount of tax imposed by it, gross receipts from the sale of coins, currency, or bullion. For the purposes of this section, the term, bullion, means any bar, ingot, or commemorative medallion of gold, silver, platinum, palladium, or a combination of these metals where the value of the metal depends on its content and not the form. For the purposes of this section, the terms, coins and currency, mean any coins or currency made of gold, silver, or other metal or paper which is or has been used as legal tender.

    Section 6. That chapter 10-45 be amended by adding thereto a NEW SECTION to read as follows:

    Section 7. That chapter 10-46 be amended by adding thereto a NEW SECTION to read as follows:

MOTION:    REMOVE SB 74 FROM THE TABLE

Moved by:    Nygaard
Second by:    Lederman
Action:    Prevailed by roll call vote. (6-1-0-0)

Voting Yes:    Hundstad, Maher, Nelson (Tom), Nygaard, Lederman, Hansen (Tom)

Voting No:    Fryslie

MOTION:    ADJOURN

Moved by:    Hundstad

Lois Henry