summary
Introduced
02/03/2026
02/03/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act to establish the homeowner tax reduction fund.
AI Summary
This bill establishes the homeowner tax reduction fund, which will be managed by the Department of Revenue, to provide property tax rebates specifically for owner-occupied single-family homes. Any interest earned on money within this fund will remain in the fund, and while expenditures will be part of the general appropriation bill, the money in the fund cannot be moved to the state's general fund.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Taxation Tabled, Passed, YEAS 4, NAYS 0. S.J. 17 (on 02/20/2026)
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/27001 |
| BillText | https://mylrc.sdlegislature.gov/api/Documents/300416.pdf |
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