South Dakota sets aside $425,000 from its general fund for property and sales tax refunds for eligible older residents and people with disabilities.
The law sets aside $425,000 from the state general fund for tax refunds for eligible older residents and people with disabilities. Up to $20,000 of that money may cover administration.
The law sets aside $425,000 from the state general fund for the South Dakota Department of Revenue to pay tax refunds. The funding covers property tax and sales tax refunds for eligible older residents and people with disabilities. Refunds must follow the existing property tax and sales tax refund laws. The Department of Revenue may use up to $20,000 of the total for administration. The law took effect upon passage and approval. Any money not legally spent or committed by June 30, 2027, returns under state rules.
No hearings or votes scheduled.