South Dakota legislation · 101st Legislature (2026)
South Dakota SB228: modify provisions for a tax increment financing district.
Status: Signed into law, March 12, 2026
What the bill says
An Act ENTITLED An Act to modify provisions for a tax increment financing district.
From the enrolled text, March 5, 2026:
An Act ENTITLED An Act to modify provisions for a tax increment financing district. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 10-6-137 be AMENDED: 10-6-137. Following the construction of any structure classified pursuant to this section, the valuation of the structure for taxation purposes must occur in the usual manner. The board of county commissioners of the county in which the structure is located may adopt a 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 pursuant to this section may not be used for any property within a tax increment finance district. The board 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 is not prohibited from applying the formula for subsequent new structures. The assessed value during any of the five years may not be less than the assessed value of the property in the year preceding the first year of the tax years following construction. Any structure that …
Sponsors
- Chris Karr (R, SD-011) · primary sponsor
- Bobbi Andera (R, HD-010)
- Erik Muckey (D, HD-015)
- Carl Perry (R, 03)
- Mykala Voita (R, SD-021)
- Mike Weisgram (R, HD-024)
Latest actions
- : Signed by the Governor
- : Delivered to the Governor
- : Signed by the Speaker
- : Signed by the President
- : Do Pass Amended
- : Do Pass
- : Scheduled for hearing
- : First read in House and referred to Taxation
- : Do Pass Amended
- : Certified uncontested, placed on consent
Votes
- Do Pass Amended (March 4, 2026): 67 yea, 0 nay, passed
- Do Pass (March 3, 2026): 9 yea, 2 nay, passed
- Do Pass Amended (February 24, 2026): 33 yea, 0 nay, passed
- Do Pass Amended (February 20, 2026): 7 yea, 0 nay, passed
Subjects: Ballot Measures, Tax Increment Financing Districts, Planning, Zoning and Housing Programs
Common questions
- What is SB228?
- SB228 is a bill in the South Dakota Legislature (101st Legislature (2026)): modify provisions for a tax increment financing district.
- What does SB228 do?
- In its own words: An Act ENTITLED An Act to modify provisions for a tax increment financing district.
- What is the status of SB228?
- Signed into law as of March 12, 2026. Latest action: Signed by the Governor (March 12, 2026).
- Who sponsored SB228?
- Chris Karr (R, SD-011), with 5 co-sponsors.
- Where is the official record for SB228?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/27291
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.