SB 228·SD·senate
modify provisions for a tax increment financing district.
Signed into LawFiled Feb 4, 2026
Sponsor: Karr
Latest Action
Signed by the Governor on 2026-03-12
Mar 12, 2026
Summary
The bill changes the definitions, approval thresholds, consent requirements, and financial reporting for tax increment financing (TIF) districts. It adds new limits on district size, requires voter approval for larger districts, and mandates independent cost‑benefit analysis. The changes affect counties, municipalities, and any political subdivision that wants to use TIF financing.
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