This bill creates a new category of property for South Dakota tax purposes by separating non-farm property into two classes: "Commercial-investor nonagricultural property" and "Commercial-operator nonagricultural property," while keeping agricultural land and owner-occupied homes in their own classes. The changes reorganize how the state classifies different types of property for taxation, potentially allowing different tax treatment for investment versus business-operated commercial properties compared to the current system.
AI-generated summary
Taxation Deferred to the 41st legislative day Passed, YEAS 7, NAYS 5.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 180
Prime sponsor · Rep
R
Dist. HD-013
cosponsor · Rep
R
Dist. HD-003
cosponsor · Rep
R
Dist. HD-010
cosponsor · Rep
R
Dist. HD-029
Deferred to the 41st legislative day
Deferred to the 41st legislative day