reduce certain property taxes for owner-occupied property, and to increase the rates for certain gross receipts taxes and use taxes.

Summary

HB 1308 eliminates the mill levy on owner‑occupied single‑family dwellings for school district general and special‑education funds, while increasing the gross receipts tax on retail sales and a range of services, utilities, oil‑and‑gas activities, and telecommunications. The extra revenue is earmarked to replace the lost property‑tax money for schools and to cover ongoing payroll and rate increases for state employees, school staff, and Medicaid providers. The changes apply to all school districts in South Dakota and to any business that falls under the listed categories.

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