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shop online at www.missourivalleyshopper.com State of South Dakota Reaches Settlement In Remote Seller Law Litigation PIERRE, S.D. – Governor Dennis Daugaard and Attorney General Marty Jackley announced today that the State of South Dakota has entered into a settlement agreement and stipulation of dismissal in State of South Dakota v. Wayfair, Overstock and Newegg. The litigation, which was the result of South Dakota’s remote seller law, had been remanded to the South Dakota State Circuit Court after South Dakota received a favorable decision from the Supreme Court of the United States. This final settlement agreement brings a conclusion to all remaining issues not addressed by the United States Supreme Court. The settlement removes the injunction that prevented South Dakota from requiring the defendants to comply with the remote seller law. Under the terms of the settlement, Wayfair, Overstock and Newegg comply with the law beginning Jan. 1, 2019. “I look forward to the state’s full enforcement of its remote seller law. The work done during the September 2018 special legislative session allowed us to set a collection date of Nov. 1, 2018 for all remote sellers except for the parties to this lawsuit, who will begin collecting on Jan. 1 2019,” said Governor Daugaard. “Today’s settlement agreement is the final step in bringing sales tax fairness to our main street businesses across South Dakota by creating a level playing field with out-of-state retailers,” said Attorney General Jackley. The State of South Dakota also reached a settlement in American Catalog Mailers Association and Netchoice vs. Andy Gerlach, in his capacity as the Secretary of the Department of Revenue, a related lawsuit regarding the remote seller law. This litigation had been on hold until the South Dakota v. Wayfair case had been decided. The parties have agreed to dismiss this case. In 2016, the South Dakota State Legislature passed Senate Bill 106, which required out-of-state retailers to collect and remit sales tax similar to in-state retailers. The law applies to out-of-state retailers if they have more than $100,000 in sales or complete more than 200 transactions per year within South Dakota. Given the controlling precedent of Quill, on October 2, 2017, the Attorney General’s Office filed a petition for certiorari asking the U.S. Supreme Court to review the South Dakota Supreme Court decision in State of South Dakota v. Wayfair, Overstock and Newegg. In Quill, the U.S. Supreme Court had required that a retailer have a “physical presence” within a state before a seller can be obligated to collect and remit that state’s sales taxes on purchases delivered into the state. On June 21, 2018, the United States Supreme Court overruled the physical presence requirement. In September 2018, Governor Dennis Daugaard convened a special session of the Legislature to consider bills addressing the implementation of the sales tax collection. Governor Daugaard signed into law a measure which removed the imposition of an injunction against collection of sales tax on remote sales, except in regard to the Wayfair litigants. This bill, which goes in effect on November 1, 2018, will allow the State of South Dakota to enforce sales tax collections from those who meet the $100,000 in sales or 200 transaction thresholds. A second bill created a new sales tax license for online marketplaces. The Wayfair settlement agreement and dismissals from both cases await final approval by the State Circuit Court. For more information on South Dakota’s remote seller law, visit http://sd.gov/remoteseller. November 6, 2018 • Page 9 SDSU Extension Ag Economic Dialogues BROOKINGS, S.D. - SDSU Extension will hold Farm Economic Dialogues November 14, 2018, from 9 a.m. to noon (CST) at the SDSU Extension Regional Center in Sioux Falls (2001 E. Eighth St.). The dialogues will also be live streamed for South Dakotans interested in participating via webinar. The dialogues will address the economic drivers of farm income via short presentations combined with ample time for audience questions. "The past five to seven years have been a roller coaster ride for commodity markets," explained Heather Gessner, SDSU Extension Livestock Business Management Field Specialist."As producers prepare for the 2019 and 2020 crop year, we hope these dialogues provide a better understanding of the economic components, beyond the markets, that will be needed to develop accurate cash flow projections." The discussion will cover trade and export markets as well as components contributing to cash flow creation, such as macro-economic factors of interest rate and inflation. "We will provide an understanding of where these rates have been and where they are forecasted to be in the next year or two," said Matt Diersen, Professor & SDSU Extension Risk/Business Management Specialist. Changes to the 2018 tax code 2018 tax code changes, specifically sections related to exchanges and depreciation, will also be discussed. "Once an understanding of the new methods is understood, pre-filing planning meetings with accountants should be considered to ensure best management decisions are made," Gessner said. Because a key feature to the dialogues is audience participation, Gessner and Diersen encourage all participants, whether they will be attending in Sioux Falls or via webinar, to participate in the discussion. "Like most programming developed by SDSU Extension, this event is designed to be engaging," Diersen said. Agenda 9 - 10 a.m. - Farm Income Update: Matt Diersen, Professor & SDSU Extension Risk/ Business Management Specialist 10 - 11 a.m. - Macroeconomic Effects: Joe Santos, Professor, Graduate Coordinator, Department of Economics, South Dakota State University 11 - 11:15 a.m. - Interactive Break 11:15 - 11:30 a.m. - Tax Changes: C. Robert Holcomb,Extension Educator, Agricultural Business Management University of Minnesota Extension 11:30 - 11:45 a.m. - Input Projections: Jack Davis, SDSU Extension Crops Business Management Field Specialist and Heather Gessner, SDSU Extension Livestock Business Management Field Specialist 11:45 - Noon NAFTA and Trade: Evert Van Der Sluis, Professor, Department of Economics, South Dakota State University To Participate To register for Farm Economic Dialogues, visit the iGrow Events page. To help cover costs, registration is $25 per individual. When you register, please indicate whether you plan to attend Farm Economic Dialogues at the SDSU Extension Regional Center in Sioux Falls or via webinar. Webinar registrations will receive a web link from iGrow to attend the session virtually from any computer they choose. For more information on Farm Economic Dialogues, contact Gessner by email or 605.782.3290. AUCTIONS Lyman County Land, Everett M. Terca Estate auction MONDAY, NOVEMBER 19, 2018 AT 10:00 AM CT Auction to be held at the Presho Fire Hall in Presho, South Dakota. The Everett M. Terca Estate land, consisting of 2,304.45 +/- acres, is located approximately 10 miles south of Presho on Highway 183 to 252nd Street and approximately 5 miles west. The property, containing dryland farm ground and pasture, will be offered in 7 separate tracts, a combination of any tracts, or as one unit, whichever receives the greatest return. Property sells to the highest bidder upon seller’s confirmation. Tract #1: 160 +/- acres Tract #2: 160 +/- acres Tracts vary from dryland farm Tract #3: 160 +/- acres ground to pasture ground. Tract #4: 320 +/- acres (Complete info on our website) Tract #5: 320 +/- acres Tract #6: 560 +/- acres Tract #7: 624.45 +/- acres No Financing contingencies. You must have financial arrangements secured prior to bidding. 15% non-refundable earnest money on Auction Day with the balance due in certified funds on or before, January, 10, 2019. LAND FOR SALE BY SEALED BIDS Turner County, in Salem Township Charlene Hora, Personal Representative of the Adeline Schweitzer Estate offers for sale by sealed bids the following tillable farmland: The Northwest Quarter (NW1/4), except the West One Thousand Seven Hundred Nine Feet (1709’) of the North One Thousand Ninety Feet (1090’) thereof, of Section Eighteen (18), Township Ninety-seven (97) North, Range Fifty-five (55), West of the 5th P .M., Turner County, South Dakota, containing approximately 135.24 acres more or less. This very nice farmland is located from the intersection of U.S. Hwy 81, and U.S. Hwy 18, one mile south and then one-mile east on 287th Street and then one quarter mile south on 440th Ave. (east side of road). Terms: This land will be sold for cash with 10% of sale price payable by successful bidder upon acceptance of bid by Seller. This payment is non-refundable. Closing and possession with deed provided is set on or before December 28, 2018. Title insurance will be split 50/50 between Seller and Buyer. Procedure: Interested bidders should contact the law office below to obtain a bid package with FSA, NRCS, assessor information, soil ratings and for particulars regarding the bidding process. All bids must be received at the attorney’s office at 223 S. Main, Freeman, by 12:00 P on November 26, 2018. The highest bidders, .M. in a number to be determined by Seller, will be invited to a private auction with opportunity to raise bid. The property is being sold as is, and bidders are encouraged to inspect the property and verify information concerning the property prior to submitting a bid. Seller reserves the right to accept or reject any and all bids and to waive any irregularity as to any bid. Also check out this land on the internet at “USDAwebsoilsurvey”. FOR FURTHER INFORMATION Glenn L. Roth Law Offices, PO Box C, Freeman, SD 57029, Ph. # 605-925-7681 or cell # 605-261-4840, email: glennrothlaw@goldenwest.net. Weber & Company Real Estate are Agents for the Seller. Weber & Company Real Estate has gathered information deemed reliable but is not guaranteed. Buyers are to perform their own due diligence to arrive at their own decisions as to purchase. Announcements on day of sale take precedence over any printed material prior to sale. Offered Exclusively By: 906 W HWY 20 ~ Valentine, NE 69201 Rick Weber, Broker ~ 402-389-1406 Weber & Company Real Estate W/ weberco.biz E/weberco@shwisp.com P/ 402-376-1216 Home and Personal Property AUCTION Sunday, Nov. 11 -- 12 noon LOCATED: 305 W. 16th Avenue, Tyndall, SD (just east of St. Michael’s Hospital) REAL ESTATE consists of a 1040 sq. ft. 1 story, 2 bedroom home with 816 sq. ft. basement and 1 car detached garage. This cozy little home features a fuel oil furnace, central air, hot tub and 1 1/2 baths. Situated on a 69’x92’ lot this home has a great location close to the hospital and centrally located between school and business district. All major appliances included. LEGAL DESCRIPTION: Lots 7, 8, & E15’ of LOT 9 and W8” of North-South vacated alley and N8’ of East-West vacated alley, Block 25 Currier’s 1st Addition. TERMS & CONDITIONS: $5,000 non-refundable down payment day of auction with balance due at closing. Title Ins. and closing service fees will be split 50-50 between buyer and seller. 2018 Real Estate taxes will be prorated to closing based on 2017. Possession upon receipt of ?nal payment. Announcements day of the auction take precedence over promotional material. Peterson Auctioneers are representing sellers PERSONAL PROPERTY HOUSEHOLD: Modern roll top desk; kitchen table and chairs; 3pc. bedroom set; double bed; dressers; recliner; love seat sofa; easy chairs; bookcases; stands; cabinets; shelves; electric sewing machine; sewing supplies; vac; fans; heaters; lamps; bedding, blankets and pillows; handicap items; microwave; small electric appliances; cookware; dishes; canning supplies; plus more ANTIQUES & COLLECTIBLES: Round oak table; old dressers; treadle sewing machine; cedar chest; wood trunk; Schlitz Beer box; kerosene lamps; lamp holder and re?ector; old pictures; pocket knives; costume jewelry; blue jars; Avon MISCELLANEOUS: 3 wheel bike; elec power tools; hand tools; lawn and garden tools and supplies; ladder; ?shing equipment; shell reloader Robert & Magdeline Bame, Owners Peterson Auctioneers Glen Peterson, RE #234 www.petersonauctioneers.com Lee Wittmeier - Tyndall, SD Cody Peterson - Avon, SD Real Estate may be viewed by appointment call Mike Bame at 605-589-3774 Terms: Cash or check accompanied by photo ID Not Responsible for Accidents
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