HB 1317

 26.952.13  101st Legislative Session  1317
                                       2026 South Dakota Legislature
                                               House Bill 1317
 Introduced by: Representative Ismay
1 An Act to eliminate a limit on the accumulation of the unused index factor for
2property taxation.
3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
4 Section 1. That § 10-13-35.4 be AMENDED:
510-13-35.4. For taxes payable in the year 2003 and each year thereafter, the The
6    county auditor shall calculate what the maximum amount of revenue payable that the
7    county or municipality may request, based on growth and the index factor pursuant to
8    § 10-13-35. The calculation shall must also show any accumulative percent of the unused
9    index factor not used accumulated since 2024 by the county or municipality. This
10    calculation shall exclude excludes the levy pursuant to § 10-13-36.
11 Section 2. That § 10-13-35.5 be AMENDED:
1210-13-35.5. The A county or municipality may increase the total amount of
13    revenue payable from taxes on real property in any year up to the maximum amount
14    calculated in accordance with § 10-13-35.4 utilizing any accumulated unused index factor
15    from the prior three years. However, such an amount may not exceed the prior three year
16    index factor total or ten percent, whichever is less.
                                                                            Underscores indicate new language.
                                                                          Overstrikes indicate deleted language.