CHAPTER 38

(HB 1008)

Agricultural land reclassified if converted to nonagricultural use.

         ENTITLED, An Act to  permit the immediate reclassification of nonagricultural acreage property under certain circumstances.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

     Section  1.  That § 10-6-33.14 be amended to read as follows:

     10-6-33.14.   Any agricultural land, as defined in § 10-6-31.3, which sells for more than one hundred fifty percent of its agricultural income value , is hereby classified for purposes of ad valorem taxation as a nonagricultural acreage. However, any agricultural land that is converted to use other than agricultural before the next legal assessment date shall be classified according to its actual use. The agricultural income value shall be determined pursuant to § 10-6-33.15.

     Signed February 3, 2006

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