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South Dakota's lithium tax inches closer

Proposing a 10% tax if lithium is designated a precious metal Metal Tech News - January 24, 2024

In what may be a watershed moment for U.S. state laws regarding critical mineral mining, South Dakota Rep. Kirk Chaffee has taken a second swing at taxing lithium, and this time it may stick. Last year, a similar effort to classify lithium as an energy mineral passed the state House but was rejected in the Senate.

The current bill, for which Chaffee is the main sponsor, classifies South Dakota's f...

 

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