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+SJR506A 101st Legislative Session SJR506
 
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+2026 South Dakota Legislature
+Senate Joint Resolution 506
 
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+Introduced by: Senator Carley
 
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+  Underscores indicate new language.
+  Overstrikes indicate deleted language.
+AMENDMENT SJR506A
+FOR THE INTRODUCED RESOLUTION
 
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+A JOINT RESOLUTION  proposing and submitting to the voters at the next general 1
+election an amendment to the Constitution of the State of South Dakota, 2
+resetting, then limiting  certain property taxes to a flat rate, until adjusted 3
+when sold. 4
+BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 5
+Section 1. That at the next general election held in the state, the following amendment to 6
+Article XI of the Constitution of the State of South Dakota, as set forth in section 2 of this 7
+Joint Resolution, which is hereby agreed to, be submitted to the electors of the state for 8
+approval. 9
+Section 2. That Article XI, § 2 of the Constitution of the State of South Dakota, be 10
+AMENDED: 11
+§ 2. To the end that the burden of taxation may be equitable upon all property, 12
+and in order that no property which is made subject to taxation shall escape, the 13
+Legislature is empowered to divide all property , including moneys and credits as well as 14
+physical property, into classes and to determine what class or classes of property shall be 15
+are subject to taxation and what property, if any,  shall not be is not subject to taxation. 16
+Taxes shall Except as otherwise required in this section, taxes must  be uniform on all 17
+property of the same class, and  shall must be levied and collected for public purposes 18
+only. Taxes may be imposed upon any and all property , including privileges, franchises , 19
+and licenses to do business in the state. Gross earnings and net incomes may be 20
+considered in taxing any and all property, and the valuation of property for taxation 21
+purposes shall may never exceed the actual value thereof. The Legislature is empowered 22
+to impose taxes upon incomes and occupations , and taxes. Taxes upon incomes may be 23
+graduated and progressive, and reasonable exemptions may be provided. 24
+For taxes payable in 2028, the maximum amount of all ad valorem taxes on  real 25
+property an owner -occupied single -family dwelling  is the lesser of the tax due on the  26
+SJR506A 2 SJR506
+  Underscores indicate new language.
+  Overstrikes indicate deleted language.
+property dwelling in 2027, or the greater of the applicable percent of the most recent sales 1
+price of the property dwelling or the taxes due in 2020. 2
+For each year thereafter, the maximum amount of all ad valorem taxes on  real 3
+property an owner -occupied single -family dwelling  may not exceed the greater of the 4
+taxes due in the previous year or the applicable percent of the most recent sales price of 5
+the property dwelling, if ownership of the property dwelling changes in a year. 6
+For purposes of this section, "applicable percent" means one percent if it is owned 7
+by a person who resided in this state for at least half of the year preceding the year in 8
+which the taxes are due, or two percent if it is owned by a person who does not reside in 9
+this state for at least half of the year preceding the year in which the taxes are due.  10