Home > 2015 SD Legislative Session > House Taxation committee has four bills on Tues Feb 10

House Taxation committee has four bills on Tues Feb 10

February 9, 2015

travel-carOn Tuesday, February 10th, at 7:45 AM the SD House Taxation committee will take on 4 bills.

HB 1200 – SoDakLiberty PostsRevise certain provisions regarding the exemption of motor vehicles from the motor vehicle excise tax.

Rep Jim Bolin (R, Dist 16) and Sen Jason Frerichs (D, Dist 1) are the prime sponsors. This bill changes the excise tax on motor vehicles exemption for “Any motor vehicle sold or transferred that is eleven or more model years old”. Currently this exemption is for vehicles valued at $2,200 or less before trade-in; this bill would change to a motor vehicle valued at $5,000 or less before trade-in.

HB 1213 – SoDakLiberty PostsIncrease the motor vehicle excise tax to finance improvements on the public highways and bridges.

Rep Mary Duvall (R, Dist 24) and Sen Mike Vehle (R, Dist 20) are the prime sponsors. This would change the excise tax on vehicle purchases from 3% to 4%. I thought all of Vehle’s tax increases were going to be in the transportation bill…

HB 1207 – SoDakLiberty PostsRevise certain provisions concerning the school district pension fund and capital outlay fund tax levies, to provide property tax opt-out procedures for the capital outlay levy, and to revise the per student allocation.

Rep Justin Cronin (R, Dist 23) and Sen Tim Rave (R, Dist 25) are the prime sponsors. For most of this bill I will have to listen to the testimony to learn more about it. But one change is the per student allocation. The current allocation for school year 2015 is $4781.14 (that is currently in the law). This bill would actually split the per student allocation for School year 16 into two groups. The first half of School Year 2016 would have a per student allocation of $4,852.86, and the second half would have a per student allocation of $4,924.86. Finally the school year 2017 allocation would be $4,924.86 per student. That seems like an odd approach. I’ll have to hear the reasoning.

HB 1216 – SoDakLiberty PostsRepeal the limitation on the total amount of revenue payable from taxes on real property for all taxing districts, except school districts.

Rep Dennis Feickert (D, Dist 1) and Sen Jason Frerichs (D, Dist 1) are the prime sponsors. I’ll have to listen to this one as well. Is this bill removing the limitation so local governments can raise the revenue they need for infrastructure?

%d bloggers like this: