South Dakota is creating a new "homeowner tax reduction fund" in the state treasury to help lower property taxes for people who own single-family homes. The Department of Revenue will manage the fund, and any money set aside for it must stay in the fund rather than being transferred elsewhere, though the Legislature will decide how much to spend from it each year through the budget process.
The amendment removed the entire tax rebate calculation mechanism and distribution formula, leaving only the fund's creation and basic administration without specifying how property tax relief will be provided.
House of Representatives Tabled Passed, YEAS 64, NAYS 3. H.J. 510
House of Representatives Deferred to another day H.J. 442
Taxation Do Pass Passed, YEAS 8, NAYS 1.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 295
Senate Do Pass Amended Passed, YEAS 34, NAYS 0. S.J. 233
Taxation Certified uncontested, placed on consent S.J. 10
Taxation Do Pass Amended Passed, YEAS 7, NAYS 0. S.J. 10
Taxation Motion to amend S.J. 9
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 112
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Tabled
Taxation — Do Pass
Do Pass Amended
Taxation — Do Pass Amended