South Dakota HB1308 reduces property taxes for owner-occupied properties and increases gross receipts and use taxes.

South Dakota HB1308 reduces certain property taxes for owner-occupied properties and increases rates for gross receipts and use taxes. The bill sets a zero mill levy for owner-occupied single-family dwellings to replace property tax revenues for school district general funds and special education funds. It also increases the tax rates for various services and goods, including telecommunications, amusements, and rentals.

South Dakota HB1308 reduces property taxes for owner-occupied properties and increases gross receipts and use taxes.

South Dakota HB1308 reduces certain property taxes for owner-occupied properties and increases rates for gross receipts and use taxes. The bill sets a zero mill levy for owner-occupied single-family dwellings to replace property tax revenues for school district general funds and special education funds. It also increases the tax rates for various services and goods, including telecommunications, amusements, and rentals.