Creates homeowner property tax reduction fund
Summary
South Dakota enacted SB245 to create the Homeowner Property Tax Reduction Fund, establishing a dedicated fund mechanism to provide property tax relief to homeowners in the state. The bill authorizes the transfer of moneys into this new fund, which will be administered by state and local government agencies.
What changed
The South Dakota Legislature passed SB245, creating a new Homeowner Property Tax Reduction Fund through a Hoghouse-Vehicle Bill mechanism. The bill establishes the fund structure and authorizes transfers of moneys to support property tax reduction for homeowners. The legislation passed with mixed support (Senate 20-13, House 42-27 on final passage) and was signed by the Governor on March 30, 2026.
State and local government agencies responsible for property tax administration should prepare to implement the new fund upon its effective date. Homeowners in South Dakota should monitor for updates on how the fund will be operationalized and the application process for property tax reductions. Legal professionals advising real estate transactions or property tax matters should be aware of this new fund when advising clients.
What to do next
- Monitor South Dakota legislative updates for fund implementation guidance
- Prepare for potential property tax reduction programs available through the new fund
- Review internal processes for property tax administration in anticipation of the new fund
Source document (simplified)
ChangeBridge / South Dakota / SB245 Signed by Governor SB245 Senate Bill Signed by Governor 2026-03-30
Create the homeowner property tax reduction fund, and to transfer moneys to the homeowner property tax reduction fund.
Bill Details
State South Dakota
Session 2026 Regular Session
Chamber Senate
Official Source sdlegislature.gov/#/Session/Bill/27158
LegiScan View on LegiScan
Sponsors
State Affairs
Action History
2026-03-30 S Signed by the Governor on March 30, 2026 S.J. 548 2026-03-12 S Delivered to the Governor on March 12, 2026 S.J. 541 2026-03-12 H Signed by the Speaker H.J. 570 2026-03-12 S Signed by the President S.J. 528 2026-03-11 S Senate Concurred in amendments, Passed, YEAS 20, NAYS 13. S.J. 521 2026-03-09 H House of Representatives Do Pass Amended, Passed, YEAS 42, NAYS 27. H.J. 539 2026-03-04 H State Affairs Do Pass Amended, Passed, YEAS 11, NAYS 2. 2026-03-04 H State Affairs Motion to amend, Passed Amendment 245F 2026-03-04 H Scheduled for hearing H.J. 1 2026-03-02 H State Affairs Motion to amend, Passed Amendment 245E 2026-03-02 H Scheduled for hearing 2026-02-25 H First read in House and referred to House State Affairs H.J. 445 2026-02-24 S Senate Do Pass, Passed, YEAS 32, NAYS 1. S.J. 387 2026-02-23 S Certified uncontested, placed on consent S.J. 31 2026-02-23 S State Affairs Do Pass, Passed, YEAS 9, NAYS 0. S.J. 31 2026-02-23 S Scheduled for hearing S.J. 1 2026-02-09 S Scheduled for hearing S.J. 1 2026-02-05 S First read in Senate and referred to Senate State Affairs S.J. 198
Votes
2026-02-23 Do Pass Yea: 9 Nay: 0 2026-02-24 Do Pass Yea: 32 Nay: 1 2026-03-04 Do Pass Amended Yea: 11 Nay: 2 2026-03-09 Do Pass Amended Yea: 42 Nay: 27 2026-03-11 Concurred in amendments Yea: 20 Nay: 13
Committee Referrals
2026-02-05 S State Affairs 2026-02-25 H State Affairs
Amendments
2026-03-02 House State Affairs Amendment 245E Adopted 2026-03-04 House State Affairs Amendment 245F Adopted
Bill Text Versions
2026-02-04 Introduced 2026-03-05 Comm Sub 2026-03-12 Enrolled
Subjects
Hoghouse-Vehicle Bill Fund Property Tax Retail Sales and Service Tax Taxation Transfer of Moneys Legislative data powered by LegiScan (CC BY 4.0)
Named provisions
Related changes
Source
Classification
Who this affects
Taxonomy
Browse Categories
Get Government & Legislation alerts
Weekly digest. AI-summarized, no noise.
Free. Unsubscribe anytime.
Get alerts for this source
We'll email you when State Bills: South Dakota publishes new changes.