State of South Dakota  
EIGHTY-SEVENTH SESSION
LEGISLATIVE ASSEMBLY, 2012  

771T0415   SENATE BILL   NO.  73  

Introduced by:    Senators Kraus, Novstrup (Al), and Nygaard and Representatives Wick, Greenfield, Hunt, and Willadsen
 

        FOR AN ACT ENTITLED, An Act to repeal the provisions regarding the assessment of real property located in a floodplain.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. That § 10-4-29 be repealed.
    10-4-29. The value of any real property located in a floodplain, so designated by the United States government, shall be assessed at whatever value it would be assessed if its uses were not restricted because of the floodplain designation unless, by resolution, the first or second class municipality and county having authority to tax the property acquiesce to a lower valuation. The provisions of this section do not apply to any property in a floodplain on which the assessed valuation has been changed, as a result of the floodplain designation, before July 1, 1984.

180 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.063 per page.   		.
   		Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.