PIERRE, S.D.(SDBA)- A proposal to eliminate most property taxes in South Dakota is effectively dead after a Senate committee vote.
Supporters of Senate Bill 58 called it a reset of the property tax system.
Republican state Senator John Carley from Piedmont.
Opponents warned the bill would immediately wipe out nearly two‑billion dollars in local revenue.
The South Dakota Retailers Association’s Nathan Sanderson.
State budget officials said the bill would shift power away from communities.
Economist Derek Johnson from the state Bureau of Finance and Management.
There are nearly 20 other property tax reform bills pending in the Capitol.
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