South Dakota currently limits how much property tax revenue most taxing districts can collect each year—capping growth at the lesser of 3% or an inflation index. This bill exempts improvement districts (special districts that fund infrastructure like roads or water systems) from this revenue cap, allowing them to increase their tax collections beyond the normal limits. The exemption applies to improvement districts' revenue growth for tax years 2027 through 2031.
AI-generated summary
Taxation Tabled Passed, YEAS 6, NAYS 0. 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-031
Tabled
Tabled