This bill creates a new transaction tax in South Dakota and uses the revenue collected to reduce property taxes on homes, farmland, and other property across the state. The tax revenues will first reduce property taxes on owner-occupied homes statewide, then on agricultural land if money remains, and finally on other property—all proportionally across counties. The bill requires county auditors to report current property tax amounts to the state so the Department of Revenue can distribute replacement funds fairly.
Taxation Deferred to the 41st legislative day Passed, YEAS 4, NAYS 3. S.J. 17
Taxation Scheduled for hearing
Taxation Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Taxation S.J. 180
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Taxation — Deferred to the 41st legislative day
Taxation — Deferred to the 41st legislative day