This proposed constitutional amendment would reset property taxes to a flat rate and prevent them from increasing until the property is sold, at which point the tax assessment would be adjusted. The amendment changes South Dakota's current property tax system, which allows taxes to be reassessed annually, by freezing tax rates for individual properties as long as the owner doesn't sell. Voters would decide whether to approve this amendment at the next general election.
AI-generated summary
This bill does not directly amend codified state law.
Taxation Deferred to the 41st legislative day Passed, YEAS 4, NAYS 1. S.J. 17
Taxation Do Pass Failed, YEAS 3, NAYS 1. S.J. 17
Taxation Scheduled for hearing
Taxation Motion to amend S.J. 15
Taxation Scheduled for hearing S.J. 1
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 142
Prime sponsor · Sen
R
Dist. SD-029
cosponsor · Rep
R
Dist. HD-006
cosponsor · Sen
R
Dist. SD-035
cosponsor · Rep
R
Dist. HD-034
Do Pass
Deferred to the 41st legislative day
Do Pass