require a vote to approve the creation of certain tax increment financing districts.

SB 207 requires voter approval for creating tax increment financing (TIF) districts in South Dakota when estimated project costs exceed $15 million. It applies to cities, towns, or counties seeking to establish such districts. The bill mandates a special election (or inclusion in the next regular election if timing aligns) for voter approval of these high-cost TIF districts. This change modifies existing law to add a referendum requirement for districts above the $15 million threshold, while smaller TIF districts remain subject to governing body resolution without voter input.