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Bill > HB1261
SD HB1261
SD HB1261Provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
summary
Introduced
02/03/2026
02/03/2026
In Committee
02/25/2026
02/25/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act to provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
AI Summary
This bill establishes a property tax credit for homeowners in South Dakota for property taxes due in 2027, allowing a credit equal to the lesser of $500 or the total property tax owed on their owner-occupied single-family dwelling. To offset the cost of this credit, the bill directs the state treasurer to transfer $101 from the South Dakota housing infrastructure fund to the general fund, and appropriates $101 from the general fund and $101 from the budget reserve fund to the Department of Revenue to cover the lost tax revenue. The Department of Revenue is responsible for approving payments, and any unspent appropriated funds will revert according to state law.
Committee Categories
Budget and Finance
Sponsors (8)
Jon Hansen (R)*,
Aaron Aylward (R),
Leslie Heinemann (R),
Taffy Howard (R),
Travis Ismay (R),
Lauren Nelson (R),
Scott Odenbach (R),
Carl Perry (R),
Last Action
Committee on Appropriations Do Pass Amended, Passed, YEAS 11, NAYS 6. J.J. 27 (on 02/25/2026)
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/26598 |
| BillText | https://mylrc.sdlegislature.gov/api/Documents/304995.pdf |
| Joint Committee on Appropriations Amendment 1261A | https://mylrc.sdlegislature.gov/api/Documents/304891.pdf |
| BillText | https://mylrc.sdlegislature.gov/api/Documents/300560.pdf |
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