SD SB21

Municipalities may waive or reduce special assessments for owner-occupied single family dwellings where the head of household is 65+ years old, disabled, or has annual household income not exceeding the federal poverty level

Single-person households with income of $17,215 or less qualify for sales tax refunds up to $500; multi-person households with income of $23,265 or less qualify for refunds up to $1,000

Updates the Internal Revenue Code reference date to January 1, 2025 for various tax-related statutes

Repeals 17 existing statutes (§§ 10-18A-1 through 10-18A-16 and § 10-45A-2.1), consolidating the property tax refund framework

Preserves eligibility stacking: recipients of sales tax refunds or property tax assessment freezes remain eligible for property tax reductions under other chapters