Budget & Taxes

This bill (SB 58) modifies South Dakota's property tax code to eliminate a specific county road maintenance levy. It amends Section 10-12-13 to reduce the maximum annual tax levy for county highway and bridge reserve funds from $0.90-$1.20 per $1,000 of taxable value to $0.00 per $1,000. This change directly affects counties that previously used this levy to fund road maintenance, requiring them to find alternative funding sources for highway and bridge projects. The bill does not alter general property tax rates or other levy types; it specifically targets the road maintenance tax provision.

SCR 601 is a symbolic Senate Concurrent Resolution (not a binding law) introduced by Senator Carley. It urges South Dakota to pursue economic policies aligned with "free market principles," emphasizing limited government, deregulation, and low taxes over tax incentives or subsidies for businesses. The resolution argues that government should only protect rights and avoid competing with private enterprise, instead focusing on "organic entrepreneurial growth." It directly affects state legislative and executive policy development by advocating for a specific philosophical approach to economic growth.