establish the homeowner tax reduction fund.

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: Senator <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4745/Detail">Deibert</a> (prime)

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

establish the homeowner tax reduction fund.
Official keyword topics:
Fund
Property Tax
Tax Exemptions and Refunds
Taxation
Official sponsor note: Senator <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4745/Detail">Deibert</a> (prime)

Current Bill Text

26.702.20 101st Legislative Session 212

2026 South Dakota Legislature
Senate Bill 212

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 a property tax rebate 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