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SD HB1317

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Travis Ismay

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Removes the three-year limitation on how long counties and municipalities may accumulate unused index factor for property tax revenue increases, allowing indefinite accumulation of unused index factor starting from 2024
  • Eliminates the cap that previously restricted use of accumulated unused index factor to the lesser of the prior three-year index factor total or ten percent
  • Requires the county auditor to calculate and show the total accumulated unused index factor since 2024 for each county or municipality, rather than only tracking a rolling three-year window
  • Allows counties and municipalities to increase real property tax revenue up to the maximum amount using any accumulated unused index factor without the prior percentage or time restrictions
  • Introduced by Representative Ismay during the 2026 South Dakota 101st Legislative Session, amending §§ 10-13-35.4 and 10-13-35.5

Legislative Description

Eliminate a limit on the accumulation of the unused index factor for property taxation.

Property Tax

Last Action

Placed on calendar pursuant to JR 6F-6, Failed, YEAS 34, NAYS 33. H.J. 386

2/20/2026

Committee Referrals

Taxation2/5/2026

Full Bill Text

No bill text available