An Act to increase household income thresholds for a paraplegic tax reduction.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That § 10-4-24.13 be AMENDED:
10-4-24.13. The percentage tax reduction of real property taxes, as provided pursuant to § 10-4-24.11, due or paid on a single family dwelling for a multiple member household is according to the following schedule:
If household income |
but not |
The tax due reduction |
is more than: |
more than |
on current levy is: |
$ 0 |
$ |
100% |
|
|
75% |
|
|
50% |
|
|
25% |
|
|
0% |
Section 2. That § 10-4-24.12 be AMENDED:
10-4-24.12. The percentage tax reduction of real property taxes, as provided pursuant to § 10-4-24.11, due or paid on a single family dwelling for a single member household is according to the following schedule:
If household income |
but not |
The tax due reduction |
is more than: |
more than |
on current levy is: |
$ 0 |
$ |
100% |
|
|
75% |
|
|
50% |
|
|
25% |
|
|
0% |
Signed March 18, 2022
Catchlines are not law. (§ 2-16-13.1) Underscores indicate new language.
Overstrikes
indicate deleted language.