SB109

SB 109 changes the rules for how South Dakota cities and counties create tax increment financing districts—special areas where increased property tax revenue from development is used to pay for improvement projects. The bill modifies definitions and requirements in the tax increment financing law, including clarifications about what counts as a "grant" and how planning commissions are involved in the process. These changes appear designed to streamline or clarify the process for establishing and managing these districts.

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