SB 245 South Dakota Senate · 2026 Regular Session

create the homeowner property tax reduction fund, and to transfer moneys to the homeowner property tax reduction fund.

This bill (SB 245) is a procedural resolution with no specific policy provisions. It contains only a single section stating "The Legislature shall promote the future success and development of South Dakota," without detailing any concrete actions, mechanisms, or affected groups. The bill text lacks any legislative language defining how this promotion would occur, what programs or funding would be involved, or which entities would be directly impacted. As presented, it does not establish new requirements, allocate resources, or change existing laws. A substantive summary cannot be provided due to the absence of specific policy content in the bill text.

Bill status signed all 5 stages cleared

Introduction

Feb 2026

Committee Review

Mar 2026

Senate Passage

Feb 2026

House Passage

Mar 2026

Signed into Law

Mar 2026

Introduced Feb 5, 2026 Signed Mar 30, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

House State Affairs Engrossed → Enrolled · 5 edits · Mar 12, 2026

MODERATE

This bill creates a new 'homeowner property tax reduction fund' to provide tax relief for owner-occupied single-family homes. It establishes a mechanism to automatically divert a specific percentage of property taxes collected after July 1, 2027, into this fund, which must be used to lower local education levies for these homeowners. Additionally, the bill includes a one-time transfer of approximately $55.9 million from the general revenue replacement fund to the new fund effective July 1, 2026.

Scope change

The bill expands the scope of property tax relief by creating a dedicated fund that specifically targets owner-occupied single-family dwellings, shifting revenue from general education levies to this new purpose.

FISCAL

Created a new 'homeowner property tax reduction fund' in the state treasury to be administered by the Department of Revenue.

Mandated a one-time transfer of $55,896,576 from the general revenue replacement fund to the new fund on July 1, 2026.

TIMELINE

Established that property taxes collected on or after August 1, 2027, will have a specific percentage diverted to the new fund.

REQUIREMENT

Amended existing statutes regarding property tax revenue to ensure funds are deposited in the general fund unless they are specifically designated for the new homeowner tax reduction fund.

ELIGIBILITY

Restricted the use of fund moneys exclusively to reducing local effort for general education levies on owner-occupied single-family dwellings.

Floor votes · Senate Feb 24, 2026 · House Mar 9, 2026

How they voted

32–1

Passed · 2 other

Total votes 35

Feb 24, 2026

D Democratic3

3 Yea

100% Yea

R Republican32

29 Yea 1 Nay 2

90% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 30, 2026

Signed into law

Signed by the Governor on 2026-03-30 S.J. 548

executive

Mar 12, 2026

Lower · Passed

Signed by the Speaker H.J. 570

lower

Mar 12, 2026

Lower · Passed

Signed by the President S.J. 528

lower

Mar 11, 2026

Lower · Passed

Senate Concurred in amendments , Passed, YEAS 20, NAYS 13 S.J. 521

lower

Mar 9, 2026

Lower · Passed

House of Representatives Do Pass Amended , Passed, YEAS 42, NAYS 27 H.J. 539

lower

Mar 9, 2026

House · Passed

House Vote: pass (42-27-1)

house

Mar 4, 2026

Lower · Passed

State Affairs Do Pass Amended , Passed, YEAS 11, NAYS 2

lower

Mar 4, 2026

Introduced

State Affairs Motion to amend , Passed, Amendment 245F

lower

Mar 2, 2026

Introduced

State Affairs Motion to amend , Passed, Amendment 245E

lower

Feb 25, 2026

Introduced

First read in House and referred to House State Affairs H.J. 445

lower

Feb 24, 2026

Upper · Passed

Senate Do Pass , Passed, YEAS 32, NAYS 1 S.J. 387

upper

Feb 23, 2026

Upper · Passed

Certified uncontested, placed on consent , Passed, S.J. 31

upper

Feb 23, 2026

Upper · Passed

State Affairs Do Pass , Passed, YEAS 9, NAYS 0 S.J. 31

upper

Feb 5, 2026

Introduced

First read in Senate and referred to Senate State Affairs S.J. 198

upper

0 primary · 0 co-sponsors

What changed between versions

How they voted

Actions timeline

Sponsors