provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.

Plain English Breakdown

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

provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.

provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.

What This Bill Does

• provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
• Official keyword topics: Appropriation Fund Planning, Zoning and Housing Programs Property Tax Tax Exemptions and Refunds Transfer of Moneys Uncodified Acts Official sponsor note: Representatives <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4758/Detail">Hansen</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4734/Detail">Aylward</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4761/Detail">Heinemann</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4764/Detail">Hughes</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4767/Detail">Ismay</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4797/Detail">Odenbach</a> and Senators <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4763/Detail">Howard</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4794/Detail">Nelson</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4800/Detail">Perry</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

provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
Official keyword topics:
Appropriation
Fund
Planning, Zoning and Housing Programs
Property Tax
Tax Exemptions and Refunds
Transfer of Moneys
Uncodified Acts
Official sponsor note: Representatives <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4758/Detail">Hansen</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4734/Detail">Aylward</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4761/Detail">Heinemann</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4764/Detail">Hughes</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4767/Detail">Ismay</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4797/Detail">Odenbach</a> and Senators <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4763/Detail">Howard</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4794/Detail">Nelson</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4800/Detail">Perry</a>

Current Bill Text

26.299.16 101st Legislative Session 1261

2026 South Dakota Legislature
House Bill 1261
JOINT APPROPRIATIONS ENGROSSED

Introduced by: Representative Hansen

Underscores indicate new language.
Overstrikes indicate deleted language.
An Act to provide a tax credit for owner-occupied property, to make an appropriation 1
therefor, and to transfer moneys to the general fund. 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 3
Section 1. The state treasurer shall transfer $101 from the South Dakota housing 4
infrastructure fund to the general fund. 5
Section 2. There is appropriated $101 from the general fund and $101 from the budget 6
reserve fund, to the Department of Revenue, for replacing the revenue forgone by the 7
application of a property tax credit to owner-occupied single-family dwellings, as provided in 8
section 3 of this Act. 9
Section 3. For property taxes payable in 2027, a county treasurer shall apply a tax credit to 10
each tax bill sent, pursuant to § 10-21-1.1, to an owner of an owner -occupied single-family 11
dwelling. The amount of the tax credit is the lesser of five hundred dollars or the total amount 12
of property tax imposed on the owner-occupied single-family dwelling in 2027. 13
Section 4. The secretary of the Department of Revenue shall approve vouchers and the state 14
auditor shall draw warrants to pay expenditures authorized in this Act. 15
Section 5. Any amounts appropriated in this Act not lawfully expended or obligated shall 16
revert in accordance with the procedures prescribed in chapter 4-8. 17