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Daugaard Vetoes Plan To Evaluate Rental Property Tax Burden

Associated Press0

PIERRE, S.D. (AP) — Gov. Dennis Daugaard has vetoed a measure to help determine whether South Dakota’s property tax burden is a barrier to entry for businesses looking to offer affordable housing rentals.

Daugaard vetoed the bill Friday. It would have created a new property classification for leased residential property.

Republican Sen. Deb Peters says she sponsored the proposal to help examine what she described as the state’s affordable housing “crisis.” She says the measure would have allowed for data gathering to figure out whether the state’s property tax burden is too much for businesses to break into affordable housing rentals.

Daugaard says the measure would have been a step toward a lower property tax levy for leased residential property, which would have shifted the burden onto other property types.

Peters hopes lawmakers override the veto.

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