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SD HB1032
Bill
Status
1/13/2026
Primary Sponsor
Travis Ismay
Click for details
AI Summary
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Removes the three-year limitation on how long counties and municipalities can accumulate unused index factor for property tax revenue increases
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Eliminates the cap that previously restricted accumulated unused index factor to the lesser of the prior three-year total or ten percent
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Allows counties and municipalities to bank unused index factor indefinitely starting from 2024
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County auditors must calculate and display the total accumulated unused index factor since 2024 when determining maximum allowable property tax revenue
Legislative Description
Eliminate a limit on the accumulation of the unused index factor for property taxation.
Property Tax
Last Action
Taxation Deferred to the 41st legislative day, Passed, YEAS 8, NAYS 5.
1/22/2026