All Roll Calls
Yes: 114 • No: 43
South DakotaSB 245101st South Dakota Legislature (2026)SenateWALLET
create the homeowner property tax reduction fund, and to transfer moneys to the homeowner property tax reduction fund.
Sponsored By: Sponsor information unavailable
Signed by Governor
Delayed Effective DateFundHoghouse-Vehicle BillProperty TaxRetail Sales and Service TaxTaxationTransfer of Moneys
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
New property tax relief fund for homeowners
South Dakota creates a fund, run by the Department of Revenue, to lower school property taxes on owner-occupied single-family homes. The treasurer must transfer $55.896576 million from the general revenue replacement fund on July 1, 2026. Starting August 1, 2027, part of tax collections under chapters 10-45, 10-46, 10-46E, and 10-58 goes into the fund. The share equals 0.3% divided by the applicable tax rate; these revenue-routing rules take effect July 1, 2027. Interest stays in the fund, money cannot move to the general fund, and spending requires approval through the general appropriation bill. The law does not set each homeowner’s savings.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/11/2026
Concurred in amendments
Yes: 20 • No: 13
House vote • 3/9/2026
Do Pass Amended
Yes: 42 • No: 27
House vote • 3/4/2026
Do Pass Amended
Yes: 11 • No: 2
Senate vote • 2/24/2026
Do Pass
Yes: 32 • No: 1
Senate vote • 2/23/2026
Do Pass
Yes: 9 • No: 0
Actions Timeline
Signed by the Governor
3/30/2026SenateDelivered to the Governor
3/12/2026SenateSigned by the Speaker
3/12/2026HouseSigned by the President
3/12/2026SenateConcurred in amendments
3/11/2026SenateDo Pass Amended
3/9/2026HouseDo Pass Amended
3/4/2026HouseMotion to amend
3/4/2026HouseScheduled for hearing
3/4/2026HouseMotion to amend
3/2/2026HouseScheduled for hearing
3/2/2026HouseFirst read in House and referred to
2/25/2026HouseDo Pass
2/24/2026SenateCertified uncontested, placed on consent
2/23/2026SenateDo Pass
2/23/2026SenateScheduled for hearing
2/23/2026SenateScheduled for hearing
2/9/2026SenateFirst read in Senate and referred to
2/5/2026Senate
Bill Text
Introduced
2/4/2026
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