PIERRE — A bill that would exempt 100-thousand dollars in property tax from owner-occupied, single-family dwellings is headed to the House Appropriations Committee after passing from the House Taxation Committee. Eric Nelson with A-A-R-P South Dakota says the bill would help seniors and low income South Dakotans…
The bill also had support from South Dakota realtors, retailers and the state Chamber. Derek Johnson with the state Bureau of Finance and Management says trying to do all of the proposed tax cuts are too much…
Opposition also came from the Associated School Boards of South Dakota concerned about the impact on school funding if property taxes were cut. Bill Sponsor, Representative Trish Ladner of Hot Springs says the bill won’t impact school funding…
House Bill 1043 is one of three tax cut bills working through this year’s legislative session.
