South Dakota legislation · 101st Legislature (2026)
South Dakota HB1319: update provisions related to tax increment financing districts.
Status: Failed, February 17, 2026
What the bill says
An Act to update provisions related to tax increment financing districts.
From the introduced text, February 4, 2026:
An Act to update provisions related to tax increment financing districts. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 10-6-137 be AMENDED: 10-6-137. [DELETED: Any ] [ADDED: Following the construction of any ] structure classified pursuant to this section, [DELETED: must, following construction, be valued] [ADDED: valuation of the structure] for taxation purposes [ADDED: must occur] in the usual manner. The board of county commissioners of the county in which the structure is located [DELETED: ,] may adopt a [ADDED: discretionary] formula for assessed value to be used for tax purposes. Except as otherwise provided in § 10-6-137.1, the formula may include, for any or all of the five tax years following construction, all, any portion, or none of the assessed value for tax purposes. Any formula adopted [DELETED: must be equally applied to specifically classified properties] [ADDED: ] [ADDED: pursuant to this section may not be used for any property] within a tax increment finance district. The board [DELETED: of county commissioners of the county in which the structure is located] may, if requested by the owner of the structure, fully assess the structure without application of the formula. In waiving the formula for the structure of one owner, the board [DELETED: of county commissioners] is not prohibited from applying the …
Sponsors
- Mike Weisgram (R, HD-024) · primary sponsor
Latest actions
- : Tabled
- : Scheduled for hearing
- : First read in House and referred to Taxation
Votes
- Tabled (February 17, 2026): 11 yea, 1 nay, passed
Subjects: Property Tax, Fees, Taxation, Tax Increment Financing Districts, Property Assessment or Valuation
Common questions
- What is HB1319?
- HB1319 is a bill in the South Dakota Legislature (101st Legislature (2026)): update provisions related to tax increment financing districts.
- What does HB1319 do?
- In its own words: An Act to update provisions related to tax increment financing districts.
- What is the status of HB1319?
- Failed as of February 17, 2026. Latest action: Tabled (February 17, 2026).
- Who sponsored HB1319?
- Mike Weisgram (R, HD-024).
- Where is the official record for HB1319?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26644
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.