Changes to Existing Law

One hundred thousand Two hundred fifty thousand dollars of the full and true5 value of the total amount of a dwelling or portion thereof classified as owner-occupied pursuant6 to §§ 10-13-39 to 10-13-40.4, inclusive, that is owned and occupied by a veteran who is rated7 as permanently and totally disabled from a service-connected disability is exempt from property8 taxation. The veteran shall apply for this partial exemption on a form prescribed by the secretary9 of revenue. Any application or supporting document for this exemption is confidential. Any10 veteran who would otherwise qualify for this exemption but fails to comply with the application11 deadline for the owner-occupied classification or the deadline for application for this exemption12 100 copies were printed on recycled paper by the South DakotaLegislative Research Council at a cost of $.167 per page.v Insertions into existing statutes are indicated by underscores.Deletions from existing statutes are indicated by overstrikes. - 2 -HB 1080 may petition the board of county commissioners to recalculate the taxes based upon the owner- occupied classification and this exemption and abate or refund the difference in taxes pursuant2 to chapter 10-18. If the director of equalization determines that the veteran receives an exemption for the4 veteran's dwelling pursuant to this section, the veteran retains that exemption until such time5 as the property ownership is transferred, the veteran does not occupy the dwelling, or the6 property has a change in use. If the legal description of property is changed or amended and the7 veteran continues to reside in the dwelling, the veteran retains the exemption provided by this8 section.

One hundred thousand Two hundred fifty thousand dollars of the full and true11 value of the total amount of a dwelling or portion thereof classified as owner-occupied pursuant12 to §§ 10-13-39 to 10-13-40.4, inclusive, that is owned and occupied by the surviving spouse of13 a veteran who was rated as permanently and totally disabled from a service-connected disability14 is exempt from property taxation. The surviving spouse shall apply for this partial exemption15 on a form prescribed by the secretary of revenue. Any application or supporting document for16 this exemption is confidential. Any surviving spouse who would otherwise qualify for this17 exemption but fails to comply with the application deadline for the owner-occupied18 classification or the deadline for application for this exemption may petition the board of county19 commissioners to recalculate the taxes based upon the owner-occupied classification and this20 exemption and abate or refund the difference in taxes pursuant to chapter 10-18. If the director of equalization determines that the surviving spouse receives an exemption22 for the dwelling pursuant to this section, the surviving spouse retains that exemption until such23 time as the property ownership is transferred, the surviving spouse does not occupy the24 - 3 -HB 1080 dwelling, the surviving spouse remarries, or the property has a change in use. If the legal1 description of property is changed or amended and the surviving spouse continues to reside in2 the dwelling, the surviving spouse retains the exemption provided by this section.3