Committee-endorsed plan would use some state revenue growth to reduce property taxes

By: Makenzie Huber

Outlets: South Dakota Searchlight

Published: February 21, 2026

Words: 561

Last Updated: 2 weeks, 4 days ago

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The Senate Taxation Committee endorsed a bill 4-3 on Friday that would create a new fund to offset taxes for all South Dakota property tax categories, using a portion of the state’s annual general fund revenue growth to fill it.

The bill is one of several major property tax proposals moving through the legislative process. Some other proposals were rejected on Friday by the House and Senate.

Senate Bill 199, sponsored by Sen. Mark …

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