HB1125 creates a new property tax relief fund and transfers unobligated (unspent) state cash balances into it to help reduce property tax burdens for South Dakota residents. The bill essentially redirects surplus state money that wasn't allocated for specific purposes toward a dedicated fund aimed at property tax relief.
Taxation Tabled Passed, YEAS 12, NAYS 0. H.J. 368
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 197
Brock Greenfield
Prime sponsor · Sen.
R
Taffy Howard
Prime sponsor · Rep.
R
Cosponsors
Taxation — Tabled