First big test of Rhoden property tax plan on its way to becoming law
Counties would be allowed to impose a sales tax in order to reduce property taxes under plan approved by House
PIERRE – County governments will have an option to implement a new half-cent sales tax following passage of legislation in the South Dakota House of Representatives Thursday.
The bill represents one of Gov. Larry Rhoden’s key initiatives to reduce property taxes on owner-occupied homes.
Senate Bill 96 allows county commissions to impose up to a half-cent sales tax. The money generated by the revenue would be required to offset property taxes in counties that chose to impose the tax. Any decision by a commission to impose the tax could be referred by voters.
Gov. Rhoden, House Speaker Hansen team up on property tax relief package
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PIERRE – A pair of bills that lean on sales tax revenue have emerged as the leading candidates to provide homeowners with property tax relief.
