Taxes

The bill limits schools, counties and municipalities from raising taxes by 2.5 percent or inflation—whichever is less. Current law is three percent.

Gov. Larry Rhoden and a working group of lawmakers are unveiling their property tax relief proposal. It's Senate Bill 216.

From the governor’s office to party caucuses in each chamber—everyone under the copper dome in Pierre wants to tackle the rise in owner-occupied property taxes.

Republican Gov. Larry Rhoden said he wants to see tailored owner-occupied property tax reform. About a dozen bills this session seek to reform or lower property taxes in some way.

Governor Kristi Noem wants to make a temporary overall sales tax cut permanent. Lawmakers passed the cut to fight inflation at the time. Backers said organic growth would cover the cost of the cut. But there are competing ideas to reduce the tax burden in the state.

Some state lawmakers are proposing legislation to bring property tax relief next legislative session. That comes as Gov. Kristi Noem is calling on the Republican controlled legislature to make a temporary sales tax cut permanent.

Governor Kristi Noem will address several competing factors in her annual state budget address. The address could be her last. Noem must outline how she will fund state government while balancing one high priced ticket item when revenues are coming in lower than projected. There's also growing pressure for property tax relief.

Attorney General Marty Jackley releases the final ballot explanation for a proposed initiated measure that limits property tax assessment increases.

Initiated Measure 28 has failed at the ballot box. It would have removed the state’s tax on grocery items, and potentially other purchasable consumables.

Initiated Measure 28 is in front of South Dakotan’s this election season. Proponents say IM 28 removes a tax on grocery items they describe as “regressive”, opponents say that wording, and the financial consequences, are far too broad.