Committee-endorsed plan would use some state revenue growth to reduce property taxes

Committee-endorsed plan would use some state revenue growth to reduce property taxes

Sen. Mark Lapka, R-Leola, speaks in the South Dakota Senate on March 4, 2025, at the Capitol in Pierre. He's supporting a bill this year to capture future state revenue growth for property tax relief. (Photo by Makenzie Huber/South Dakota Searchlight)The Senate Taxation Committee endorsed a bill 4-3 on Friday that would create a new fund to offset taxes for all South Dakota property tax categories, using a portion of the state’s annual general f…