House agrees to shift $110 million to yearly homeowner property tax relief
Lawmakers preparing to tap income that will come with end of tax holiday in 2027
PIERRE – The South Dakota House of Representatives voted Monday to earmark $110 million in sales tax revenue for statewide homeowner property tax relief.
The $110 million would come from the end of a temporary tax holiday that concludes next summer when the state’s sales tax rises from 4.2 percent to 4.5 percent.
“This is our shot,” House Speaker Jon Hansen said of Senate Bill 245, of which he sponsored. “This is our shot to answer the call of the people on property taxes.”
Property tax relief package runs legislative gauntlet in session's final days
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PIERRE – South Dakota lawmakers are poised to pass a package of bills aimed at lassoing rising property taxes as they head into their final week of the session in what would be the biggest reform to homeowner taxes in decades.
