This bill creates a new category of property for South Dakota tax purposes by separating non-farm property into two classes: "Commercial-investor nonagricultural property" and "Commercial-operator nonagricultural property," while keeping agricultural land and owner-occupied homes in their own classes. The changes reorganize how the state classifies different types of property for taxation, potentially allowing different tax treatment for investment versus business-operated commercial properties compared to the current system.
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Taxation Deferred to the 41st legislative day Passed, YEAS 7, NAYS 5.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 180
Prime sponsor · Rep
R
Dist. HD-013
cosponsor · Rep
R
Dist. HD-003
cosponsor · Rep
R
Dist. HD-010
cosponsor · Rep
R
Dist. HD-029
Taxation — Deferred to the 41st legislative day
Taxation — Deferred to the 41st legislative day