Bill > HCR6003

This concurrent resolution establishes an interim legislative committee to conduct a comprehensive study on property tax reduction in South Dakota. The resolution recognizes that home ownership is a key aspect of the American dream and that rising property taxes create financial challenges for homeowners, particularly young families, middle-class households, and retirees on fixed incomes. The interim committee will be composed of 16 total members: 8 from the House of Representatives (including one minority party member) and 8 from the Senate (also including one minority party member), along with ex officio nonvoting members from the Bureau of Finance and Management and the Governor's office. The committee is tasked with reviewing property tax policies, seeking input from various stakeholders including government agencies, political subdivisions, educational institutions, private sector businesses, and taxpayers, with the goal of identifying substantive measures to provide significant and lasting tax relief. The committee is required to report its findings, recommendations, and potential legislation to the Executive Board of the Legislative Research Council by December 1, 2025, reflecting the legislature's commitment to responsible fiscal stewardship and addressing the financial burdens on homeowners.