South Dakota House Bill HB1149

South Dakota 2023 Regular Session

• Introduced: 1/26/23
• Refer: 1/26/23

Caption

Revise the classification of owner-occupied single-family dwellings to include more than one attached or unattached garage.

Impact

The impact of HB1149 on state laws includes modifying the tax classification criteria for certain residential properties. By allowing up to two garage spaces to be included in the classification of owner-occupied single-family dwellings, the bill could lead to more homeowners benefiting from tax considerations associated with owner-occupied status. This change is particularly relevant in areas where homes with additional garages have become more common, potentially influencing residential tax revenues and home valuations across the state.

Summary

House Bill 1149 aims to revise the classification of owner-occupied single-family dwellings in South Dakota to include more than one attached or unattached garage. This bill seeks to clarify and expand the definition of what constitutes an owner-occupied dwelling for the purposes of taxation, allowing properties with additional garage spaces to be classified as owner-occupied. The proposed changes are intended to provide greater flexibility and reflect the diverse nature of modern residential properties.

Contention

Notable points of contention around HB1149 revolve around how the expanded classification may influence tax revenues and residential property assessments. Critics might argue that such a bill could disproportionately benefit wealthier homeowners with larger properties, while supporters claim it addresses the evolving needs of residents. The equitable distribution of tax burdens and the effects on local government funding mechanisms are likely to be key discussion points during deliberations on the bill.