Bill > SB21

This bill modifies tax refund provisions for elderly persons and persons with a disability by updating references to specific legal definitions and increasing income thresholds for certain tax refunds. Specifically, it changes the definition of terms used in property tax relief for municipalities and for individuals with paraplegia or loss of use of both lower extremities, moving from a reference to chapter 10-18A-1 to 10-6B-1. The bill also significantly increases the income limits for claiming retail sales and service tax refunds, with the maximum income for a single-person household to receive a refund rising from $10,566 to $17,215, and the maximum for a multi-person household rising from $16,184 to $23,265. Additionally, it adjusts the maximum refund amounts for these categories and alters how pro rata shares are calculated for claimants, now counting a multi-person household as two claimants for distribution purposes. The bill also repeals numerous sections of chapter 10-18A, which previously governed property tax refunds for the elderly and disabled, indicating a shift away from that specific framework.

Budget and Finance

https://sdlegislature.gov/#/Session/Bill/26674