Changes to Existing Law

Starting with taxes payable in 2021, a school district is limited to the maximum4 taxes allowed pursuant to § 13-16-7 or two three thousand eight hundred dollars for each5 enrolled student as determined in the fall enrollment count set forth in § 13-13-10.1 for the prior6 school year, whichever is less. For 2022 and subsequent years, the maximum amount for each7 enrolled student shall increase by the lesser of three percent or the index factor, as defined in8 § 10-13-38. If a school district has irrevocably pledged taxes collected to the payment of principal and10 interest on installment purchase contracts or capital outlay certificates entered into or issued11 pursuant to § 13-16-6 or 13-16-6.2 or lease-purchase agreements or other arrangements with the12 Health and Educational Facilities Authority prior to July 1, 2016, that school district may raise13 taxes allowed pursuant to § 13-16-7 and this section in an amount necessary to fund those14 payments and obligations and to provide additional funding of up to two thousand eight hundred15 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 1141 dollars for each enrolled student as determined in the fall enrollment count set forth in § 13-13- 10.1. In no year may the annual tax levy provided in this section exceed the levy authorized2 under § 13-16-7.3