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SD HB1241
SD HB1241Increase the amount of value exempt from property taxes under a tax relief program for disabled veterans and surviving spouses.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/18/2026
02/18/2026
Crossed Over
02/17/2026
02/17/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act to increase the amount of value exempt from property taxes under a tax relief program for disabled veterans and surviving spouses.
AI Summary
This bill increases the property tax exemption amount for disabled veterans and their surviving spouses from $200,000 to $225,000 of the dwelling's value. This exemption applies to owner-occupied homes and is for veterans who are permanently and totally disabled due to a service-connected disability, or for surviving spouses of such veterans or veterans who died from a service-connected disability. The application process and supporting documents for this exemption are confidential, and the exemption generally continues as long as the veteran or surviving spouse owns, occupies, and doesn't transfer the property, or in the case of a surviving spouse, remarries. The bill also clarifies that the secretary of revenue is now the secretary of the Department of Revenue, and makes minor wording changes to improve clarity.
Committee Categories
Budget and Finance
Sponsors (6)
Phil Jensen (R)*,
Aaron Aylward (R),
John Carley (R),
Tim Goodwin (R),
Dylan Jordan (R),
Kathy Rice (R),
Last Action
First read in Senate and referred to Senate Taxation S.J. 296 (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://sdlegislature.gov/#/Session/Bill/27146 |
| BillText | https://mylrc.sdlegislature.gov/api/Documents/299580.pdf |
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