South Dakota homeowners who own single-family houses will receive a property tax credit of up to $500 on their 2027 tax bills. The state will fund this tax credit by transferring $101 from the housing infrastructure fund to the general fund and appropriating $202 total from the general fund and budget reserve fund to the Department of Revenue to cover the lost tax revenue.
This bill does not directly amend codified state law.
The appropriation amounts were reduced from $60,000,000 to $101 for each of three funding sources: the housing infrastructure fund transfer, the general fund appropriation, and the budget reserve fund appropriation.
House of Representatives Tabled Passed, YEAS 59, NAYS 6. H.J. 470
Committee on Appropriations Do Pass Amended Passed, YEAS 11, NAYS 6. J. 27
Committee on Appropriations Motion to amend J. 27
Committee on Appropriations Scheduled for hearing J. 1
First read in House and referred to Joint Committee on Appropriations H.J. 207
Prime sponsor · Rep.
R
Tabled
Committee on Appropriations — Do Pass Amended