Trading Property Tax for Sales Tax: Legislature Moves Forward with Parts of Homeowner Relief Package

Trading property tax for sales tax: Legislature moves forward with parts of homeowner relief package

PIERRE — Two pieces of a property tax reduction package prepared by South Dakota’s legislative leadership and the executive branch are moving forward, but one bill failed during votes on Monday as lawmakers began the final week of the annual legislative session. The House of Representatives voted 42-27 in support of Senate Bill 245, which would pull future revenue from a scheduled sales tax increase from 4.2% to 4.5% next year into a relief fund…

Property tax relief package runs legislative gauntlet in session's final days

Photo by Artful Homes on UnsplashPIERRE – South Dakota lawmakers are poised to pass a package of bills aimed at lassoing rising property taxes as they head into their final week of the session in what would be the biggest reform to homeowner taxes in decades.Five bills marching through the Capitol in the Legislature’s final days have the endorsement of Gov. Larry Rhoden. Two of them raise additional revenue to offset property taxes on homeowners…