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.
An Act to revise the application requirements for property tax exemptions provided for dwellings owned and occupied by disabled veterans.
An Act to revise the application requirements for property tax exemptions provided for dwellings owned and occupied by disabled veterans.
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I certify that the attached Act originated in the
SENATE as
Bill
No.
140
____________________________ Secretary of the Senate ____________________________ President of the Senate
Attest:
____________________________ Secretary of the Senate
____________________________
Attest:
____________________________ Chief Clerk
Senate
Bill
No.
140
File No. ____ Chapter No. ______ |
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
By _________________________ for the Governor
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________ Governor STATE OF SOUTH DAKOTA, ss. Office of the Secretary of State
Filed ____________ , 20___
____________________________ Secretary of State
By _________________________ |
