South Dakota's property tax exemption for disabled veterans increases from $200,000 to $300,000 of home value, meaning disabled veterans who are rated as permanently and totally disabled from service-connected injuries can now shield an additional $100,000 from property taxes. The bill also makes similar adjustments to the exemption available for surviving spouses of such veterans. This change reduces property tax bills for these veterans and their families.
The amendment increases the property tax exemption for disabled veterans and their surviving spouses from two hundred fifty thousand dollars to three hundred thousand dollars, STRENGTHENING the tax relief by raising the exemption threshold by $50,000. The amendment also makes minor technical corrections, including updating references to the Department of Revenue and adjusting grammatical language throughout both affected statutes.
Other amendments
Senate Do Pass Amended Failed, YEAS 14, NAYS 20. S.J. 342
Senate Referred to Senate S.J. 309
Senate Referred to Senate Committee on Appropriations S.J. 269
Taxation Do Pass Amended Passed, YEAS 5, NAYS 0. S.J. 13
Taxation Motion to amend S.J. 13
Taxation Scheduled for hearing
Taxation Scheduled for hearing
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 112
Prime sponsor · Sen.
R
Prime sponsor · Rep.
R
Do Pass Amended
Taxation — Do Pass Amended