South Dakota homebuilders can now get a refund of the contractor's excise tax they pay when building affordable single-family homes for eligible low-income homebuyers. The refund applies only to new homes that meet price limits set by the South Dakota Housing Development Authority and are purchased by buyers who meet the authority's income requirements.
This bill does not directly amend codified state law.
Committee on Appropriations Deferred to the 41st legislative day Passed, YEAS 5, NAYS 4.
Committee on Appropriations Scheduled for hearing
Taxation Referred to Senate Committee on Appropriations Passed, YEAS 7, NAYS 0.
Taxation Scheduled for hearing
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 116
Herman Otten
Prime sponsor · Sen.
R
Roger Chase
Prime sponsor · Rep.
R
Cosponsors
Committee on Appropriations — Deferred to the 41st legislative day
Taxation — Referred to