Lowers the maximum limit on the tax increment base value in South Dakota.

South Dakota SB178 modifies the criteria for establishing a tax increment financing district. It lowers the maximum limit on the tax increment base value to two and one-half percent of the total assessed value of all taxable property in the political subdivision. The bill also outlines requirements for district boundaries, creation dates, and naming conventions for these districts.

Lowers the maximum limit on the tax increment base value in South Dakota.

South Dakota SB178 modifies the criteria for establishing a tax increment financing district. It lowers the maximum limit on the tax increment base value to two and one-half percent of the total assessed value of all taxable property in the political subdivision. The bill also outlines requirements for district boundaries, creation dates, and naming conventions for these districts.