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SD HB1261

Bill

Official Source

Status

Introduced

2/3/2026

Primary Sponsor

Jon Hansen

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Creates a property tax credit of up to $500 for owner-occupied single-family dwellings, applied to property taxes payable in 2027
  • Credit amount is the lesser of $500 or the total property tax owed on the dwelling
  • Transfers $101 from the South Dakota housing infrastructure fund to the general fund
  • Appropriates $101 from the general fund and $101 from the budget reserve fund to the Department of Revenue to replace forgone revenue
  • County treasurers will automatically apply the credit to qualifying tax bills sent pursuant to § 10-21-1.1

Legislative Description

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

Property Tax

Last Action

House of Representatives Tabled, Passed, YEAS 59, NAYS 6. H.J. 470

3/2/2026

Committee Referrals

Appropriations2/3/2026

Full Bill Text

No bill text available