AN ACT
ENTITLED, An Act to
revise the household income threshold and index factor for determining
certain freezes on property assessments and to declare an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 10-6A-2 be amended to read as follows:
10-6A-2. Any person making an application under the provisions of this chapter is entitled to a real property tax assessment freeze upon the person's single-family dwelling if the following conditions are met:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 10-6A-2 be amended to read as follows:
10-6A-2. Any person making an application under the provisions of this chapter is entitled to a real property tax assessment freeze upon the person's single-family dwelling if the following conditions are met:
(1)
Has a household income of less than fifteen thousand forty-one dollars and twenty-eight
cents if the household is a single-member household; or
(2)
Has a household income of less than eighteen thousand eight hundred one dollars and fifty-
nine cents if the household is a multiple-member household; and
(3)
Has owned a single-family dwelling, in fee or by contract to purchase, for at least one year
and has been a resident of South Dakota for at least one year; and
(4)
Has resided for at least two hundred days of the previous calendar year in the single-family
dwelling; and
(5)
Has established a base year.
Beginning on January 1, 2003, the household income listed in subdivisions (1) and (2) of this
section shall increase by the index factor. The index factor is the annual percentage change in the
consumer price index for urban wage earners and clerical workers as computed by the Bureau of
Labor Statistics of the United States Department of Labor for the year before the year immediately
preceding the year of adjustment or the annual percentage change in federal social security payments
for the preceding year, whichever is greater.
Section 2. Whereas, this Act is necessary for the support of the state government and its existing
An Act to revise the household income threshold and index factor for determining certain freezes on property assessments and to declare an emergency.
Section 2. Whereas, this Act is necessary for the support of the state government and its existing
public institutions, an emergency is hereby declared to exist, and this Act shall be in full force and effect from and after its passage and approval.
An Act to revise the household income threshold and index factor for determining certain freezes on property assessments and to declare an emergency.
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I certify that the attached Act originated in the
HOUSE as
Bill
No.
1219
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____________________________
Chief Clerk
Chief Clerk
____________________________
Speaker of the House
Speaker of the House
Attest:
____________________________
Chief Clerk
Chief Clerk
____________________________
President of the Senate
Attest:
____________________________
Secretary of the Senate
Secretary of the Senate
House
Bill
No.
1219
File No. ____
Chapter No. ______=========================
Received at this Executive Office this _____ day of _____________ ,
File No. ____
Chapter No. ______
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
for the Governor
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor
Governor
STATE OF SOUTH DAKOTA,
ss.
Office of the Secretary of State
Filed ____________ , 20___
at _________ o'clock __ M.
____________________________
Secretary of State
Secretary of State
By _________________________
Asst. Secretary of State
