This bill increases the income limits for South Dakota's property tax assessment freeze for homeowners, raising the threshold from $55,000 to $55,000 for single-member households and from $65,000 to $85,000 for multiple-member households. Starting in 2027, these income limits will automatically increase each year based on either inflation or Social Security payment increases, whichever is larger, ensuring the program keeps pace with the cost of living.
AI-generated summary
This bill does not directly amend codified state law.
Senate Do Pass Failed, YEAS 15, NAYS 18. S.J. 379
Taxation Do Pass Passed, YEAS 4, NAYS 3.
Taxation Scheduled for hearing
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 142
Prime sponsor · Sen
R
Dist. SD-011
Do Pass
Do Pass
Do Pass