Counties in South Dakota currently have the option to reduce property taxes on new structures for up to five years after construction, and this bill clarifies and slightly adjusts how that discretionary tax reduction works. The bill specifies that counties must apply their chosen tax reduction formula equally to all similar properties within the same taxing district, and it allows property owners to request that the tax reduction not apply to their new structure if they prefer to pay full taxes immediately. The bill also makes technical corrections to the law's language about how assessed values are calculated during the tax reduction period.
Signed by the Governor S.J. 543
Delivered to the Governor S.J. 539
Signed by the Speaker H.J. 684
Signed by the President S.J. 509
Senate Concurred in amendments Passed, YEAS 28, NAYS 0. S.J. 485
House of Representatives Do Pass Amended Passed, YEAS 68, NAYS 2. H.J. 577
Taxation Certified uncontested, placed on consent H.J. 1
Taxation Do Pass Amended Passed, YEAS 11, NAYS 0. H.J. 1
Taxation Motion to amend H.J. 1
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 246
Senate Do Pass Amended Passed, YEAS 35, NAYS 0. S.J. 212
Senate Motion to amend S.J. 211
Senate Deferred to another day S.J. 192
Commerce and Energy Do Pass Amended Passed, YEAS 8, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 127
Casey Crabtree
Prime sponsor · Sen.
R
Roger Chase
Prime sponsor · Rep.
R
Cosponsors
Concurred in amendments
Taxation — Do Pass Amended
Do Pass Amended
Commerce and Energy — Do Pass Amended