South Dakota creates a new homeowner tax reduction fund in the state treasury to provide property tax rebates for people who own single-family homes. The Department of Revenue will manage the fund, and any interest earned stays in the fund rather than going elsewhere. Money can only be spent from this fund through the state budget process and cannot be transferred to the general fund.
Taxation Tabled Passed, YEAS 4, NAYS 0. S.J. 17
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 170
Prime sponsor · Sen.
R
Taxation — Tabled