Property tax revenue limits in South Dakota currently cap how much unused growth capacity (the "index factor") a county or city can use from prior years—restricting it to either the total from the last three years or 10%, whichever is smaller. This bill removes that cap, allowing counties and municipalities to accumulate and use all unused index factor from prior years without a limit, giving them more flexibility to increase property tax revenue.
AI-generated summary
Taxation Deferred to the 41st legislative day Passed, YEAS 8, NAYS 5.
Taxation Do Pass Failed, YEAS 3, NAYS 10.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 15
Prime sponsor · Rep
R
Dist. HD-028
cosponsor · Rep
R
Dist. HD-028
cosponsor · Rep
R
Dist. HD-005
cosponsor · Rep
R
Dist. HD-029
cosponsor · Rep
R
Dist. HD-027
cosponsor · Rep
R
Dist. HD-033
Do Pass
Deferred to the 41st legislative day
Do Pass