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January 2024Tax Limitation and Opt OutsFor All Taxing Districts (Except School Districts)For Taxes Payable in Calendar Year 2025 January 2024 South Dakota Department of RevenueTABLE OF CONTENTS Opting
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01
Gather all relevant financial information and budgets for the 2024-2025 fiscal year.
02
Calculate the total revenue generated for the year, including any excess local revenue.
03
Determine the specific categories or funds where the excess local revenue should be allocated.
04
Fill out the necessary forms or reports designated for reporting excess local revenue.
05
Verify the accuracy of all calculations and information before submitting the final report.

Who needs 2024-2025 excess local revenue?

01
Local government entities such as municipalities or counties may need to fill out 2024-2025 excess local revenue to properly allocate and report surplus funds.
02
Financial auditors or regulatory agencies may also require this information for compliance and oversight purposes.
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2025 excess local revenue refers to the additional income generated by local government entities beyond their expected budget for the year 2025.
Local government entities are required to file 2025 excess local revenue.
To fill out 2025 excess local revenue, local government entities need to accurately report their income and expenses for the year 2025.
The purpose of 2025 excess local revenue is to track and analyze the financial performance of local government entities.
On 2025 excess local revenue, local government entities must report their total income, expenses, and any surplus funds generated.
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