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HB1264

Eliminate Agricultural Land Task Force and Update Reporting Rules

Last scannedAug 25, 2026, 3:29 AM

In one sentence

This law removes a specific advisory group for agricultural land assessment, requires the Department of Revenue to manage data collection contracts, receive recommendations on valuation factors, and submit annual reports.

What it does

  • Repeals sections of state code that created the Agricultural Land Assessment Implementation and Oversight Advisory Task Force.
  • Requires the Department of Revenue secretary to contract with qualified entities to create or maintain a database for agricultural income value using eight years of data.
  • Mandates that contractors submit recommendations on factors used to calculate annual earning capacity by September 1 each year.
  • Directs the Department of Revenue to send an annual report on compiled agricultural data to legislative taxation committees by March 1.
  • Updates rules for determining the value of agricultural buildings, dwellings, and land adjustments.

Who it affects

  • The South Dakota Department of Revenue
  • Qualified entities that research or evaluate land production capacity
  • Legislative Taxation Committees in the Senate and House of Representatives

Limits and unknowns

  • The official text does not state the specific date this law takes effect.
  • The bill removes the task force but does not detail how its previous duties were handled before removal.
  • The source material lists data types required for valuation but does not specify exact dollar amounts or percentages used in calculations.

Plain language

Terms to know

Agricultural income value
The calculated worth of farmland based on its ability to generate money from crops or livestock.
Qualified entity
An organization, such as a government agency, university, or private group with expertise in researching land production capacity.

Official record

Sources

Source attached
Official bill pageStored full record

Official summary

eliminate the Agricultural Land Assessment Implementation and Oversight Advisory Task Force, and to provide that the Department of Revenue receive the submission of recommendations and provide a report on agricultural value.

Official activity

Bill history

  1. Signed by the Governor