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SD SB178

Bill

Official Source

Status

Introduced

1/29/2026

Primary Sponsor

Curt Voight

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Reduces the maximum tax increment base value cap from 10% to 2.5% of total assessed taxable property value in a political subdivision when creating new Tax Increment Financing (TIF) districts

  • Requires that the assessed value of property in a proposed TIF district, combined with all existing TIF districts, must not exceed the new 2.5% threshold

  • Amends SDCL § 11-9-5 governing the establishment of TIF districts by local governing bodies

  • Introduced by Senator Voight in the 101st Legislative Session (2026)

Legislative Description

Lower a maximum limit on the tax increment base value.

Planning, Zoning and Housing Programs

Last Action

Withdrawn at the Request of the Prime Sponsor S.J. 260

2/12/2026

Committee Referrals

Taxation1/29/2026

Full Bill Text

No bill text available