Unemployment Insurance (UI) tax rates will be reduced effective Jan. 1, 2018. Legislation in 2017 revised the current UI tax rates to provide a permanent tax break to South Dakota employers. The bill also created an alternate tax table if the Trust Fund balance has enough funds to pay 19 months of benefits. Tax rate notices were mailed to employers the end of October.
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The state minimum wage will increase from $8.65/hour to $8.85/hour effective Jan. 1, 2018.
The hourly minimum wage for tipped employees will be $4.425/hour effective Jan. 1, 2018, half the minimum wage for non-tipped employees. Wages and tips combined must equal at least the minimum wage.
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