South Dakota legislation · 101st Legislature (2026)
South Dakota SB178: lower a maximum limit on the tax increment base value.
Status: In committee, February 12, 2026
What the bill says
An Act to lower a maximum limit on the tax increment base value.
From the introduced text, January 29, 2026:
An Act to lower a maximum limit on the tax increment base value. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 11-9-5 be AMENDED: 11-9-5. To [DELETED: establish] [ADDED: create] a district, the governing body must adopt a resolution that: (1) Describes the boundaries of [DELETED: a] [ADDED: the] district with sufficient definiteness to identify with ordinary and reasonable certainty the territory included. The boundaries may not split a whole unit of property that is being used for a single purpose; (2) Creates the district on a given date; (3) Includes a finding that the assessed value of the taxable property in the district [ADDED: ,] plus the tax increment base of all other existing districts [ADDED: ,] does not exceed [DELETED: ten] [ADDED: two and one-half] percent of the total assessed value of all taxable property in the political subdivision; and (4) Assigns a name to the district for identification purposes. The first district created in each political subdivision must be known as "Tax Increment Financing District Number One, City (or Town, or County) of __________." Each subsequently created district must be assigned the next consecutive number. Underscores indicate new language. [DELETED: Overstrikes] indicate deleted language.
Sponsors
- Curt Voight (R, SD-033) · primary sponsor
- Taffy Howard (R, 34)
Latest actions
- : Withdrawn at the Request of the Prime Sponsor
- : First read in Senate and referred to Taxation
Subjects: Tax Increment Financing Districts, Planning, Zoning and Housing Programs
Common questions
- What is SB178?
- SB178 is a bill in the South Dakota Legislature (101st Legislature (2026)): lower a maximum limit on the tax increment base value.
- What does SB178 do?
- In its own words: An Act to lower a maximum limit on the tax increment base value.
- What is the status of SB178?
- In committee as of February 12, 2026. Latest action: Withdrawn at the Request of the Prime Sponsor (February 12, 2026).
- Who sponsored SB178?
- Curt Voight (R, SD-033), with 1 co-sponsor.
- Where is the official record for SB178?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/27096
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.