South Dakota is updating its tax increment financing district laws to clarify definitions and streamline the process for creating these districts, which are used to fund local development projects. The changes reorganize and refine key terms like "grant," "planning commission," and "project plan" to better reflect how these districts actually operate. These modifications aim to make the rules clearer and potentially easier for municipalities and counties to work with when establishing new financing districts.
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Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 445
Senate Do Pass Amended Passed, YEAS 33, NAYS 0. S.J. 386
Taxation Certified uncontested, placed on consent S.J. 17
Taxation Do Pass Amended Passed, YEAS 7, NAYS 0. S.J. 17
Taxation Motion to amend S.J. 17
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 180
Prime sponsor · Sen
R
Dist. SD-011
Do Pass Amended
Do Pass Amended
Do Pass Amended