lower a maximum limit on the tax increment base value.

Summary

The proposal amends South Dakota law governing Tax Increment Financing (TIF) districts so that the assessed value of property in a new district, plus the tax‑increment base of all existing districts, cannot exceed 10.5% of the total assessed value of taxable property in that city, town, or county. It would affect local governments that create or manage TIF districts by tightening the financial ceiling for those districts. The measure was withdrawn by the sponsor and is not currently moving forward.

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