SJR503

DeadWithdrawn···

Proposing and submitting to the voters at the next general election an amendment to the Constitution of the State of South Dakota, limiting the amount of ad valorem tax on real property, and limiting the increase in the assessed value of real property.

Julie Frye-Mueller

Senate Joint Resolution

Election SecurityProperty Tax

This resolution asks South Dakota voters to approve a constitutional amendment that would limit property taxes on real estate and cap how much a property's assessed value can increase each year. If approved by voters, the amendment would add these property tax and valuation limits to the state constitution, making them much harder to change in the future.

AI-generated summary

Sales tax exemptionsBill would expand (relevance: 95%)Sales tax ratesBill would reduce (relevance: 60%)

Changes to Existing Law

This bill does not directly amend codified state law.

History (3)

Feb 7, 2023S
Senate Withdrawn at the Request of the Prime Sponsor S.J. 219
Feb 3, 2023S
Taxation Scheduled for hearing
Jan 26, 2023S
First read in Senate and referred to Senate Taxation S.J. 125

Sponsors (2)

Julie Frye-Mueller

Prime sponsor · Sen.

Cosponsors

Phil Jensen