This bill clarifies how South Dakota calculates the baseline property values (called the "tax increment base") for tax increment districts, which are areas where cities use increased property tax revenue to fund development projects. The change requires that the county's director of equalization provide a detailed list of all properties in the district along with their valuations, and it specifies which tax reduction programs should be ignored when setting the baseline value.
Signed by the Governor H.J. 480
Delivered to the Governor H.J. 436
Signed by the President S.J. 375
Signed by the Speaker H.J. 415
Senate Do Pass Amended Passed, YEAS 35, NAYS 0. S.J. 338
Senate Do Pass Amended Passed, YEAS 35, NAYS 0. S.J. 338
Local Government Certified uncontested, placed on consent
Local Government Do Pass Passed, YEAS 7, NAYS 0.
Local Government Scheduled for hearing
First read in Senate and referred to Senate Local Government S.J. 294
House of Representatives Do Pass Amended Passed, YEAS 68, NAYS 0. H.J. 313
House of Representatives Do Pass Amended Passed, YEAS 68, NAYS 0. H.J. 315
Taxation Certified uncontested, placed on consent
Taxation Do Pass Amended Passed, YEAS 11, NAYS 0.
Taxation Motion to amend
Taxation Scheduled for hearing
House of Representatives Referred to House Taxation H.J. 242
First Reading House H.J. 210
Al Novstrup
Prime sponsor · Sen.
R
Kirk Chaffee
Prime sponsor · Rep.
R
Cosponsors
Local Government — Do Pass
Do Pass Amended
Taxation — Do Pass Amended