Bill > HB1168

This bill establishes a new property tax credit for property owners in South Dakota who pay tuition for children attending nonpublic schools. The credit can be applied to property taxes owed to the school district where the property is located, and it is based on education expenses incurred for children between the ages of five and nineteen who are enrolled in kindergarten through twelfth grade in a South Dakota nonpublic school; the child does not need to be the property owner's child. Only tuition payments to nonpublic schools qualify as eligible education expenses, and the credit amount is limited to the lesser of eighty percent of the school district taxes owed or one thousand dollars per year, with an additional per-student limit tied to state funding formulas. To claim the credit, property owners must apply to their county director of equalization by June first, providing verification of tuition charges and school enrollment information, and the property tax bill will reflect any approved credits. This credit will also be factored into calculations for local effort in school districts, as defined by specific state chapters. The Department of Revenue will create rules to guide the application and verification process for these credits.

Budget and Finance, Education

https://sdlegislature.gov/#/Session/Bill/26730