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State of South Dakota
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EIGHTY-THIRD
SESSION LEGISLATIVE ASSEMBLY, 2008 |
| 681P0382 | SENATE BILL NO. 140 |
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Introduced by:
Senators Gray, Greenfield, Lintz, Maher, and Napoli and Representatives
Pederson (Gordon), Haverly, and Pitts
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FOR AN ACT ENTITLED, An Act to
revise the application requirements for property tax
exemptions provided for dwellings owned and occupied by disabled veterans.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 10-4-40 be amended to read as follows:
10-4-40. One hundred thousand dollars of the full and true value of the total amount of a dwelling or portion thereof that is owned and occupied for the full calendar year in which a tax is levied by a veteran who is rated as permanently and totally disabled from a service-connected disability is exempt from property taxation. For the purposes of this section, the term, dwelling, means any house, manufactured home, or mobile home, and includes the platted lot upon which the structure is situated or one acre, whichever is less, and the garage, whether attached or unattached. The veteran shall apply for this partial exemption on a form prescribed by the secretary of revenue and regulation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 10-4-40 be amended to read as follows:
10-4-40. One hundred thousand dollars of the full and true value of the total amount of a dwelling or portion thereof that is owned and occupied for the full calendar year in which a tax is levied by a veteran who is rated as permanently and totally disabled from a service-connected disability is exempt from property taxation. For the purposes of this section, the term, dwelling, means any house, manufactured home, or mobile home, and includes the platted lot upon which the structure is situated or one acre, whichever is less, and the garage, whether attached or unattached. The veteran shall apply for this partial exemption on a form prescribed by the secretary of revenue and regulation.
If the director of equalization determines that the veteran receives an exemption for the
veteran's dwelling pursuant to this section, the veteran retains that exemption until such time
as the property ownership is transferred, the veteran does not occupy the dwelling, or the
property has a change in use. If the legal description of property is changed or amended and the veteran continues to reside in the dwelling, the veteran retains the exemption provided by this section.
