FOR AN ACT ENTITLED, An Act to  revise certain provisions concerning the use of certain real property sales to value other real property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That § 10-6-74 be amended to read as follows:
     10-6-74.   Any real property which sells for more than one hundred fifty sixty percent of its assessed value, may not be used for the purpose of valuing other real property. The sale of any real property which is not used for the purpose of valuing other real property pursuant to this section may not be used in any sales ratio study.
     Section  2.  That § 10-6-74 be amended to read as follows:
     10-6-74.   Any real property which sells for more than one hundred fifty one hundred seventy percent of its assessed value, may not be used for the purpose of valuing other real property. The sale of any real property which is not used for the purpose of valuing other real property pursuant to this section may not be used in any sales ratio study.
     Section  3.  That § 10-6-74 be amended to read as follows:
     10-6-74.   Any real property which sells for more than one hundred fifty one hundred eighty

percent of its assessed value, may not be used for the purpose of valuing other real property. The sale of any real property which is not used for the purpose of valuing other real property pursuant to this section may not be used in any sales ratio study.
     Section  4.  That § 10-6-74 be amended to read as follows:
     10-6-74.   Any real property which sells for more than one hundred fifty one hundred ninety percent of its assessed value, may not be used for the purpose of valuing other real property. The sale of any real property which is not used for the purpose of valuing other real property pursuant to this section may not be used in any sales ratio study.
     Section  5.  That § 10-6-74 be amended to read as follows:
     10-6-74.   Any real property which sells for more than one hundred fifty two hundred percent of its assessed value, may not be used for the purpose of valuing other real property. The sale of any real property which is not used for the purpose of valuing other real property pursuant to this section may not be used in any sales ratio study.
     Section  6.  That § 10-6-74 be amended to read as follows:
     10-6-74.   Any real property which sells for more than one hundred fifty two hundred ten percent of its assessed value, may not be used for the purpose of valuing other real property. The sale of any real property which is not used for the purpose of valuing other real property pursuant to this section may not be used in any sales ratio study.
     Section  7.  Section 2 is effective on July 1, 2008.
     Section  8.  Section 3 is effective on July 1, 2009.
     Section  9.  Section 4 is effective on July 1, 2010.
     Section  10.  Section 5 is effective on July 1, 2011.
     Section  11.  Section 6 is effective on July 1, 2012.
     Section  12.  That §   10-6-74 be repealed on July 1, 2013.