South Dakota counties and cities can currently carry forward unused property tax growth allowance (the "index factor") from up to three prior years, but only up to 10 percent of their revenue. This bill removes that three-year limit and the 10 percent cap, allowing counties and cities to accumulate and use unused growth allowance from all prior years going back to 2024. This gives local governments more flexibility to increase property tax revenue in future years by drawing on growth they didn't use in the past.
Taxation Deferred to the 41st legislative day Passed, YEAS 8, NAYS 5.
Taxation Do Pass Failed, YEAS 3, NAYS 10.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 15
Prime sponsor · Rep.
R
Taxation — Do Pass
Taxation — Deferred to the 41st legislative day