Last month, over 300,000 people attended the 2020 Sturgis Motorcycle Rally in Sturgis, South Dakota. With all of those folks in our state, that brought in a lot of revenue over the weeks of August 7th through August 16th.
According to a press release from the South Dakota Department of Revenue, the Department of Revenue has currently collected $1,343,348 in taxes from this years rally. The majority of that comes from state sales tax. Which according to the resale was around $785,251. The press release says that the taxes collected at this years Motorcycle Rally included state sales tax, municipal sales tax, tourism tax and municipal gross receipts.
The Department of Revenue’s Business Tax Division has been looking for different ways to use technology to help vendors and this year they found ways to use technology that they had never done before.This year, they emailed vendors their license cards and offered an electronic filing system for paying sales tax from the rally. The release says this was done through their online EPath System.
With the COVID-19 pandemic, the press release says that the 2020 Sturgis Motorcycle Rally had fewer vendors than in 2019. Only 784 temporary vendors were there compared to 1,006 in 2019.
We won’t have a final tally of how much the Department of Revenue collected in taxes from the 2020 Motorcycle Rally until later this year.
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