SD SB230

Exempts improvement districts established under chapter 7-25A from the 3% cap on property tax revenue increases that applies to other taxing districts for taxes payable in 2027, 2028, 2029, 2030, and 2031

Improvement districts would still be subject to the general revenue growth limit (the lesser of 3% or the index factor) but would not face the additional 3% cap on revenue increases from property improvements, annexation, and boundary changes

Amends existing property tax law (§ 10-13-35) which already excludes school districts from these revenue growth limitations

Allows improvement districts greater flexibility to capture increased tax revenue from new development and property value changes within their boundaries during the five-year period