eliminate a limit on the accumulation of the unused index factor for property taxation.

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

eliminate a limit on the accumulation of the unused index factor for property taxation.

eliminate a limit on the accumulation of the unused index factor for property taxation.

What This Bill Does

• eliminate a limit on the accumulation of the unused index factor for property taxation.
• Official keyword topics: Property Tax Taxation Official sponsor note: Representatives <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4767/Detail">Ismay</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4752/Detail">Garcia</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4766/Detail">Hunt</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4770/Detail">Jensen (Phil)</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4804/Detail">Pourier</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4811/Detail">Rice</a>

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

eliminate a limit on the accumulation of the unused index factor for property taxation.
Official keyword topics:
Property Tax
Taxation
Official sponsor note: Representatives <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4767/Detail">Ismay</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4752/Detail">Garcia</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4766/Detail">Hunt</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4770/Detail">Jensen (Phil)</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4804/Detail">Pourier</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4811/Detail">Rice</a>

Current Bill Text

26.517.14 101st Legislative Session 1032

2026 South Dakota Legislature
House Bill 1032

Introduced by: Representative Ismay

Underscores indicate new language.
Overstrikes indicate deleted language.
An Act to eliminate a limit on the accumulation of the unused index factor for 1
property taxation. 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 3
Section 1. That § 10-13-35.4 be AMENDED: 4
10-13-35.4. For taxes payable in the year 2003 and each year thereafter, the The 5
county auditor shall calculate what the maximum amount of revenue payable that the 6
county or municipality may request , based on growth and the index factor pursuant to 7
§ 10-13-35. The calculation shall must also show any accumulative percent of the unused 8
index factor not used accumulated since 2024 by the county or municipality. This 9
calculation shall exclude excludes the levy pursuant to § 10-13-36. 10
Section 2. That § 10-13-35.5 be AMENDED: 11
10-13-35.5. The A county or municipality may increase the total amount of 12
revenue payable from taxes on real property in any year up to the maximum amount 13
calculated in accordance with § 10-13-35.4 utilizing any accumulated unused index 14
factorfrom the prior three years. However, such an amount may not exceed the prior three 15
year index factor total or ten percent, whichever is less. 16