Loading chat...
SD HB1074
Bill
Status
1/15/2026
Primary Sponsor
Lauren Nelson
Click for details
AI Summary
-
Counties may withhold from positive tax increments of a municipality-created TIF district an amount equal to the county's cost of administering the district
-
County treasurers must deduct county administrative costs from tax increments before depositing remaining funds into the district's special fund
-
Expands TIF district terminology from "municipality" to "political subdivision" throughout the amended statutes
-
Maintains existing 20-year limit on positive tax increment allocation from the calendar year of district creation
-
Removes outdated language including "previously made" regarding reimbursable expenditures
Legislative Description
Provide for compensation to counties for administering tax increment financing districts created by a municipality.
Counties
Last Action
Withdrawn at the Request of the Prime Sponsor H.J. 148
1/27/2026