HB1084EnactedTaxation
provide for specific classification of affordable housing structures for purposes of taxation.
# HB1084 Summary
This bill creates a new property tax classification specifically for affordable housing structures, allowing them to be taxed differently than standard residential properties. Affordable housing developments that meet certain affordability requirements would qualify for this special classification, potentially lowering their property tax burden and making it easier for developers to build and maintain low-cost housing in South Dakota.