South Dakota legislation · 101st Legislature (2026)
South Dakota SB203: require the review of a financing plan to establish a tax increment financing district.
Status: In committee, February 12, 2026
What the bill says
An Act to require the review of a financing plan to establish a tax increment financing district.
From the introduced text, January 29, 2026:
An Act to require the review of a financing plan to establish a tax increment financing district. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 11-9-1 be AMENDED: 11-9-1. Terms used in this chapter mean: (1) "Department," the Department of Revenue; (2) "District," a tax increment financing district; (3) [ADDED: "Financing plan," the intended methods and revenue sources by which the political subdivision is to pay for the project costs;] [ADDED: (4) ] "Governing body," the board of trustees, the board of commissioners, the board of county commissioners, or the common council of a municipality; [DELETED: (4)] [ADDED: (5)] "Grant," the transfer of money or property to a transferee for a governmental purpose that is not a related party to or an agent of the political subdivision; [DELETED: (5)] [ADDED: (6)] "Planning commission," a planning commission created under chapters 11-2 or 11-6, a planning committee of a governing body of a political subdivision that does not have a planning commission, or the governing body of a political subdivision that does not have a planning commission or planning committee; [DELETED: (6)] [ADDED: (7)] "Political subdivision," a municipality, as defined in § 11-6-1, or county of this state; [DELETED: (7)] [ADDED: (8)] "Project plan," the properly approved plan for the development or redevelopment of …
Sponsors
- Sam Marty (R, 28) · primary sponsor
- Aaron Aylward (R, HD-006)
- 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- : Withdrawn at the Request of the Prime Sponsor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 SB203?
- SB203 is a bill in the South Dakota Legislature (101st Legislature (2026)): require the review of a financing plan to establish a tax increment financing district.
- What does SB203 do?
- In its own words: An Act to require the review of a financing plan to establish a tax increment financing district.
- What is the status of SB203?
- In committee as of February 12, 2026. Latest action: Withdrawn at the Request of the Prime Sponsor (February 12, 2026).
- Who sponsored SB203?
- Sam Marty (R, 28), with 2 co-sponsors.
- Where is the official record for SB203?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/27090
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.