South Dakota legislation · 101st Legislature (2026)
South Dakota HB1261: provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
Status: Failed, March 2, 2026
What the bill says
An Act to provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
From the engrossed text, February 25, 2026:
An Act to provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund. Be it enacted by the Legislature of the State of South Dakota: Section 1. [ADDED: The state treasurer shall transfer $101 from the South Dakota housing infrastructure fund to the general fund.] Section 2. [ADDED: There is appropriated $101 from the general fund and $101 from the budget reserve fund, to the Department of Revenue, for replacing the revenue forgone by the application of a property tax credit to owner-occupied single-family dwellings, as provided in section 3 of this Act.] Section 3. [ADDED: For property taxes payable in 2027, a county treasurer shall apply a tax credit to each tax bill sent, pursuant to § 10-21-1.1, to an owner of an owner-occupied single-family dwelling. The amount of the tax credit is the lesser of five hundred dollars or the total amount of property tax imposed on the owner-occupied single-family dwelling in 2027.] Section 4. [ADDED: The secretary of the Department of Revenue shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized in this Act.] Section 5. [ADDED: Any amounts appropriated in this Act not lawfully expended or obligated shall revert in accordance with the procedures prescribed in chapter 4-8.] Underscores indicate new …
Sponsors
- Jon Hansen (R, HD-025) · primary sponsor
- Aaron Aylward (R, HD-006)
- Leslie Heinemann (R, HD-025)
- Taffy Howard (R, 34)
- John Hughes (R, HD-013)
- Travis Ismay (R, HD-028)
- Lauren Nelson (R, SD-018)
- Scott Odenbach (R, HD-031)
- Carl Perry (R, 03)
Latest actions
- : Tabled
- : Do Pass Amended
- : Motion to amend
- : Scheduled for hearing
- : First read in House and referred to Committee on Appropriations
Votes
- Do Pass Amended (February 25, 2026): 11 yea, 6 nay, passed
- Tabled (February 17, 2026): 59 yea, 6 nay, passed
Subjects: Transfer of Moneys, Property Tax, Uncodified Acts, Fund, Appropriation, Tax Exemptions and Refunds, Planning, Zoning and Housing Programs
Common questions
- What is HB1261?
- HB1261 is a bill in the South Dakota Legislature (101st Legislature (2026)): provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
- What does HB1261 do?
- In its own words: An Act to provide a tax credit for owner-occupied property, to make an appropriation therefor, and to transfer moneys to the general fund.
- What is the status of HB1261?
- Failed as of March 2, 2026. Latest action: Tabled (March 2, 2026).
- Who sponsored HB1261?
- Jon Hansen (R, HD-025), with 8 co-sponsors.
- Where is the official record for HB1261?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26598
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.