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SB125 • 2026

establish the homeowner tax reduction fund.

establish the homeowner tax reduction fund.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Deibert
Last action
2026-03-04
Official status
Tabled
Effective date
Not listed

Plain English Breakdown

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

establish the homeowner tax reduction fund.

establish the homeowner tax reduction fund.

What This Bill Does

  • establish the homeowner tax reduction fund.
  • Official keyword topics: Fund Property Tax Tax Exemptions and Refunds Taxation Official sponsor note: Senators <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4745/Detail">Deibert</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4741/Detail">Crabtree</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4743/Detail">Davis</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4763/Detail">Howard</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4765/Detail">Hulse</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4814/Detail">Rohl</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4827/Detail">Vilhauer</a> and Representatives <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4785/Detail">Massie</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4750/Detail">Fitzgerald</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4753/Detail">Goodwin</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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

125B

None

Filed

Plain English: 125B 101st Legislative Session 125 2026 South Dakota Legislature Senate Bill 125 Introduced by: Senator Deibert Underscores indicate new language.

  • 125B 101st Legislative Session 125 2026 South Dakota Legislature Senate Bill 125 Introduced by: Senator Deibert Underscores indicate new language.
  • Overstrikes indicate deleted language.
  • AMENDMENT 125B FOR THE INTRODUCED BILL An Act to establish the homeowner tax reduction fund to provide a tax rebate for 1 owner-occupied property.
  • 2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 3 Section 1.

Bill History

  1. 2026-03-04 House of Representatives

    Tabled

  2. 2026-02-25 House of Representatives

    Deferred to another day

  3. 2026-02-24 House Taxation

    Do Pass

  4. 2026-02-24 House Taxation

    Scheduled for hearing

  5. 2026-02-11 House of Representatives

    First read in House and referred to House Taxation

  6. 2026-02-10 Senate

    Do Pass Amended

  7. 2026-02-06 Senate Taxation

    Certified uncontested, placed on consent

  8. 2026-02-06 Senate Taxation

    Do Pass Amended

  9. 2026-02-06 Senate Taxation

    Motion to amend

  10. 2026-02-06 Senate Taxation

    Scheduled for hearing

  11. 2026-01-26 Senate

    First read in Senate and referred to Senate Taxation

Official Summary Text

establish the homeowner tax reduction fund.
Official keyword topics:
Fund
Property Tax
Tax Exemptions and Refunds
Taxation
Official sponsor note: Senators <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4745/Detail">Deibert</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4741/Detail">Crabtree</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4743/Detail">Davis</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4763/Detail">Howard</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4765/Detail">Hulse</a>, <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4814/Detail">Rohl</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4827/Detail">Vilhauer</a> and Representatives <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4785/Detail">Massie</a> (prime), <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4750/Detail">Fitzgerald</a>, and <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4753/Detail">Goodwin</a>

Current Bill Text

Read the full stored bill text 
26.145.49 101st Legislative Session 125

2026 South Dakota Legislature
Senate Bill 125
SENATE TAXATION ENGROSSED

Introduced by: Senator Deibert

Underscores indicate new language.
Overstrikes indicate deleted language.
An Act to establish the homeowner tax reduction fund. 1
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 2
Section 1. That a NEW SECTION be added to chapter 10-13: 3
There is created in the state treasury the homeowner tax reduction fund. 4
The Department of Revenue shall administer the fund. The purpose of the fund is 5
to provide property tax relief for owner -occupied single -family dwellings. Interest on 6
moneys credited to the fund must remain in the fund. Expenditures from the fund must 7
be budgeted through the general appropriation bill. 8
Moneys in the fund may not be transferred to the general fund. 9