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SD HB1264
Bill
Status
3/2/2026
Primary Sponsor
Mark Lapka
Click for details
AI Summary
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Eliminates the Agricultural Land Assessment Implementation and Oversight Advisory Task Force by repealing sections 10-6-134 and 10-6-135 of South Dakota law
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Transfers responsibility for receiving recommendations on agricultural land valuation factors to the Department of Revenue, with submissions due by September 1st each year
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Requires the Department of Revenue to report annually to the Senate and House Taxation Committees by March 1st on agricultural income value data
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Maintains the existing 8-year rolling database methodology for calculating agricultural land values by county, using cropland and noncropland data with the highest and lowest value years discarded
Legislative Description
Eliminate the Agricultural Land Assessment Implementation and Oversight Advisory Task Force, and to provide that the Department of Revenue receive the submission of recommendations and provide a report on agricultural value.
Agricultural Land
Last Action
Delivered to the Governor on March 05, 2026 H.J. 520
3/5/2026