Bill > SB161

This bill aims to remove an exemption from property taxes for certain health care facilities in South Dakota. Specifically, it repeals Section 10-4-9.3, which previously exempted property owned by nonprofit corporations or organizations primarily used for human health care and related purposes, provided they met certain criteria like being recognized under section 501(c)(3) of the United States Internal Revenue Code (a federal tax code that allows for tax-exempt status for charitable organizations) and operating as licensed health care facilities, orphanages, mental health centers, or camps. The bill also repeals Section 10-4-35, which defined "wellness center" for the purposes of these exemptions. Additionally, the bill amends Section 10-4-11 and Section 10-4-12 to remove references to the repealed exemption, clarifying how property owned by charitable, benevolent, or religious societies is taxed if parts of it are used for revenue-generating purposes other than their primary charitable mission.

Budget and Finance

https://sdlegislature.gov/#/Session/Bill/27098