SB 97 increases the cap on how much additional property tax revenue certain South Dakota taxing districts can collect from new improvements and property changes—raising the limit from 3% to 5% for the years 2027 through 2031. This change allows local governments (except schools) to collect more tax revenue when property values increase due to new construction or other improvements, though they still cannot exceed the basic 3% revenue growth limit or the index factor in other circumstances.
Senate Do Pass Amended Failed, YEAS 18, NAYS 16. S.J. 275
Senate Motion to amend Passed, YEAS 18, NAYS 16. S.J. 275
Senate Deferred to another day S.J. 229
Senate Deferred to another day S.J. 220
Senate Deferred to another day S.J. 177
Senate Deferred to another day S.J. 169
Senate Deferred to another day S.J. 156
Senate Deferred to another day S.J. 147
Taxation Do Pass Passed, YEAS 6, NAYS 1. S.J. 5
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 67
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Motion to amend
Do Pass Amended
Taxation — Do Pass