South Dakota legislation · 101st Legislature (2026)
South Dakota SB199: establish a new fund to provide property tax relief.
Status: In committee, February 23, 2026
What the bill says
An Act to establish a new fund to provide property tax relief.
From the introduced text, January 29, 2026:
An Act to establish a new fund to provide property tax relief. Be it enacted by the Legislature of the State of South Dakota: Section 1. That a NEW SECTION be added to chapter 10-13: [ADDED: There is created in the state treasury the property tax relief fund. The fund consists of moneys transferred from the general fund pursuant to section 2 of this Act.] [ADDED: The Department of Revenue shall administer the fund. The purpose of the fund is to supplement property tax levies of political subdivisions of this state to reduce property taxes imposed on real property as provided for by the Legislature. Interest on moneys credited to the fund must remain in the fund. Expenditures from the fund must be by a special appropriation of the Legislature.] Section 2. That a NEW SECTION be added to chapter 10-13: [ADDED: On or before August first of 2026, the state treasurer shall transfer from the general fund into the property tax relief fund, established in section 1 of this Act, twenty-five percent of the annual increase in general fund moneys in the 2026 fiscal year over the 2025 fiscal year. If there is no increase in the general fund moneys in the 2026 fiscal year over the 2025 fiscal year, the amount deposited into the fund is zero.] [ADDED: …
Sponsors
- Mark Lapka (R, SD-023) · primary sponsor
- Bobbi Andera (R, HD-010)
- Aaron Aylward (R, HD-006)
- Heather Baxter (R, HD-034)
- Red Foster (D, SD-027)
- Leslie Heinemann (R, HD-025)
- Taffy Howard (R, 34)
- Chris Karr (R, SD-011)
- Lauren Nelson (R, SD-018)
- Al Novstrup (R, HD-003)
- Carl Perry (R, 03)
- Curt Voight (R, SD-033)
Latest actions
- : Do Pass
- : Prime Sponsor Changed at the Request of the Prime Sponsor
- : Do Pass
- : Scheduled for hearing
- : First read in Senate and referred to Taxation
Votes
- Do Pass (February 23, 2026): 16 yea, 17 nay, failed
- Do Pass (February 20, 2026): 4 yea, 3 nay, passed
Subjects: Transfer of Moneys, Property Tax, Taxation, Fund
Common questions
- What is SB199?
- SB199 is a bill in the South Dakota Legislature (101st Legislature (2026)): establish a new fund to provide property tax relief.
- What does SB199 do?
- In its own words: An Act to establish a new fund to provide property tax relief.
- What is the status of SB199?
- In committee as of February 23, 2026. Latest action: Do Pass (February 23, 2026).
- Who sponsored SB199?
- Mark Lapka (R, SD-023), with 11 co-sponsors.
- Where is the official record for SB199?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26597
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.