eliminate the Agricultural Land Assessment Implementation and Oversight Advisory Task Force, and to provide that the Department of Revenue receive the submission of recommendations and provide a report on agricultural value.

HB 1264 eliminates the Agricultural Land Assessment Implementation and Oversight Advisory Task Force, which previously reviewed recommendations about agricultural land valuation methods. Instead, the Department of Revenue will directly receive recommendations from entities like South Dakota State University and provide an annual report to the legislature's Taxation Committees. The bill does not change the existing valuation process, which uses eight years of crop and livestock data (discarding the highest and lowest years and averaging the remaining six) to determine agricultural land values. This affects the Department of Revenue and entities submitting recommendations, but leaves assessment methods unchanged.