SB 125

 26.145.49  101st Legislative Session  125
                                    2026 South Dakota Legislature
                                             Senate Bill 125
                                               SENATE TAXATION ENGROSSED
 Introduced by: Senator Deibert
1 An Act to establish the homeowner tax reduction fund.
2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
3 Section 1. That a NEW SECTION be added to chapter 10-13:
4There is created in the state treasury the homeowner tax reduction fund.
5The Department of Revenue shall administer the fund. The purpose of the fund is
6     to provide property tax relief for owner-occupied single-family dwellings. Interest on
7     moneys credited to the fund must remain in the fund. Expenditures from the fund must
8     be budgeted through the general appropriation bill.
9Moneys in the fund may not be transferred to the general fund.
                                                                             Underscores indicate new language.
                                                                           Overstrikes indicate deleted language.