South Dakota counties that choose to participate in the Re-Homestead Program can reduce property taxes by 50% for up to 240 acres of land owned by someone who sells a 5-20 acre parcel that becomes an owner-occupied home, as long as the property meets basic infrastructure requirements and isn't classified as agricultural land during that five-year period. This incentivizes landowners to convert rural properties into homes by temporarily reducing their tax burden on remaining land holdings.
This bill does not directly amend codified state law.
Taxation Deferred to the 41st legislative day Passed, YEAS 10, NAYS 3. H.J. 1
Taxation Scheduled for hearing
House of Representatives Referred to House Taxation H.J. 209
House of Representatives Referred to House Agriculture and Natural Resources H.J. 178
First Reading House H.J. 148
Caleb Finck
Prime sponsor · Rep.
R
Erin Tobin
Prime sponsor · Sen.
R
Cosponsors
Taxation — Deferred to the 41st legislative day