South Dakota counties and municipalities currently can only use unused property tax growth allowance (called the "index factor") from the previous three years, but this bill removes that time limit so they can accumulate and use this unused growth allowance indefinitely. The bill also requires county auditors to track the total amount of unused index factor that has accumulated since 2024. This gives local governments more flexibility to increase property tax revenue in future years using growth allowances they didn't use in the past.
House of Representatives Placed on calendar pursuant to JR 6F-6 Failed, YEAS 34, NAYS 33. H.J. 386
Taxation Report out of committee without recommendation Passed, YEAS 7, NAYS 4. H.J. 9
Taxation Do Pass Failed, YEAS 5, NAYS 6. H.J. 9
Taxation Scheduled for hearing
House of Representatives Referred to House Taxation H.J. 237
First Reading House H.J. 220
Prime sponsor · Rep.
R
Placed on calendar pursuant to JR 6F-6
Taxation — Do Pass
Referred to
Taxation — Report out of committee without recommendation