Bill
Bill > HB1075
SD HB1075
SD HB1075Require notification of property owners prior to the establishment of a tax increment financing district.
summary
Introduced
01/15/2026
01/15/2026
In Committee
01/21/2026
01/21/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act to require notification of property owners prior to the establishment of a tax increment financing district.
AI Summary
This bill requires that at least ten days before a local government body adopts a resolution to create a tax increment financing (TIF) district, they must send written notice to every property owner whose land would be included in the proposed district. This notice must inform the owner that their property is within the proposed TIF district and specify the date when the district is scheduled to be officially established. Tax increment financing is a development tool used by local governments to finance the redevelopment of blighted or underdeveloped areas.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
House Taxation Hearing (00:00:00 1/29/2026 ) (on 01/29/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://sdlegislature.gov/#/Session/Bill/26437 |
| BillText | https://mylrc.sdlegislature.gov/api/Documents/294571.pdf |
Loading...