South Dakota legislation · 101st Legislature (2026)
South Dakota SB243: impose a transaction tax and dedicate revenues collected to supplant certain property taxes, and to provide a penalty therefor.
Status: Failed, February 20, 2026
What the bill says
An Act to impose a transaction tax and dedicate revenues collected to supplant certain property taxes, and to provide a penalty therefor.
From the introduced text, February 4, 2026:
An Act to impose a transaction tax and dedicate revenues collected to supplant certain property taxes, and to provide a penalty therefor. 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: Within twenty days of applying the taxes imposed on real property by all taxing districts in a county, the county auditor shall certify to the secretary of the Department of Revenue the total amount of taxes imposed within the county on:] [ADDED: (1) Owner-occupied single-family dwellings;] [ADDED: (2) Agricultural property; and] [ADDED: (3) Nonagricultural property.] Section 2. That a NEW SECTION be added to chapter 10-13: [ADDED: Within twenty days of receiving the certifications of all county auditors pursuant to section 1 of this Act, the secretary of the Department of Revenue shall determine the amount of moneys distributed to each county for purposes of reducing property tax levies in the following manner:] [ADDED: (1) Reduce all levies on owner-occupied single-family dwellings in all counties in an equal proportion, until the taxes imposed on owner-occupied property are zero or until no moneys remain in the property tax replacement fund;] [ADDED: (2) If moneys remain in the property relief fund after the reduction in subdivision (1), reduce all levies on agricultural property in all counties …
Sponsors
- Heather Baxter (R, HD-034) · primary sponsor
- John Carley (R, SD-029) · primary sponsor
Latest actions
- : Deferred to the 41st legislative day
- : Scheduled for hearing
- : Scheduled for hearing
- : First read in Senate and referred to Taxation
Votes
- Deferred to the 41st legislative day (February 20, 2026): 4 yea, 3 nay, passed
Subjects: Administrative Procedure, Property Tax, Taxation, Penalty
Common questions
- What is SB243?
- SB243 is a bill in the South Dakota Legislature (101st Legislature (2026)): impose a transaction tax and dedicate revenues collected to supplant certain property taxes, and to provide a penalty therefor.
- What does SB243 do?
- In its own words: An Act to impose a transaction tax and dedicate revenues collected to supplant certain property taxes, and to provide a penalty therefor.
- What is the status of SB243?
- Failed as of February 20, 2026. Latest action: Deferred to the 41st legislative day (February 20, 2026).
- Who sponsored SB243?
- Heather Baxter (R, HD-034), with 1 co-sponsor.
- Where is the official record for SB243?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26993
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.