Bill > SB125

This bill establishes a new fund called the homeowner tax reduction fund, which will be managed by the Department of Revenue and will be used to provide property tax relief specifically for owner-occupied single-family homes. Any interest earned on money within this fund will remain in the fund, and all spending from it must be approved through the state's general appropriation bill, meaning it cannot be moved to the general state budget.

Budget and Finance

https://sdlegislature.gov/#/Session/Bill/26433