The amendment replaced all substantive funding amounts with placeholder figures of "$101" — changing three separate appropriations from "$60,000,000" each to "$101" — which appears to be a procedural engrossment step while the actual funding level remains under negotiation in the legislative process.
26.299.15 26.299.16 101st Legislative Session 1261 2026 South Dakota Legislature House Bill 1261 JOINT APPROPRIATIONS ENGROSSED Introduced by: Representative Hansen Underscores indicate new language. Overstrikes indicate deleted language. An Act to provide a tax credit for owner-occupied property, to make an appropriation 1 therefor, and to transfer moneys to the general fund. 2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 3 Section 1. The state treasurer shall transfer $60,000,000 $101 from the South Dakota housing 4 infrastructure fund to the general fund. 5 Section 2. There is appropriated $60,000,000 $101 from the general fund and $60,000,000 $101 from 6 the budget 6 reserve fund, to the Department of Revenue, for replacing the revenue forgone 7 by the 7 application of a property tax credit to owner-occupied single-family dwellings, as 8 provided in 8 section 3 of this Act. 9 Section 3. For property taxes payable in 2027, a county treasurer shall apply a tax credit to 10 each tax bill sent, pursuant to § 10-21-1.1, to an owner of an owner-occupied single-family 11 dwelling. The amount of the tax credit is the lesser of five hundred dollars or the total amount 12 of property tax imposed on the owner-occupied single-family dwelling in 2027. 13 Section 4. The secretary of the Department of Revenue shall approve vouchers and the state 14 auditor shall draw warrants to pay expenditures authorized in this Act. 15 Section 5. Any amounts appropriated in this Act not lawfully expended or obligated shall 16 revert in accordance with the procedures prescribed in chapter 4-8. 17