Loading chat...
SD SB226
Bill
Status
2/4/2026
Primary Sponsor
Kyle Schoenfish
Click for details
AI Summary
-
Increases the maximum bet allowed on video lottery machines from $2 to $5 per game, while maintaining the $1,000 maximum payout limit per bet
-
Creates a new "residential tax reduction fund" in the state treasury to provide property tax relief for owner-occupied single-family dwellings
-
Caps general fund deposits from video lottery revenue at $165 million per year; any state revenue exceeding that threshold flows to the new residential tax reduction fund
-
Department of Revenue will administer the new fund, with interest earnings retained in the fund and expenditures subject to legislative appropriation
Legislative Description
Increase a limit on video lottery gaming, and to deposit moneys into a new fund.
Property Tax
Last Action
Commerce and Energy Deferred to the 41st legislative day, Passed, YEAS 8, NAYS 0.
2/19/2026