The proposed bill aims to establish a property tax credit for owners of property subject to taxation in South Dakota, specifically to support school choice through education expenses incurred for children enrolled in nonpublic schools or receiving alternative instruction. Eligible children must be between the ages of five and eighteen and enrolled in kindergarten through twelfth grade. The bill outlines various education expenses that qualify for the tax credit, including tuition, fees for sports and fine arts programs, textbooks, educational therapies, transportation services, and necessary technological devices.

The bill stipulates that the property tax credit cannot exceed eighty percent of the total school district taxes owed by the property owner for that year, nor can the total credits for any individual child exceed eighty percent of the current year's per student equivalent in the general state aid to education formula. Property owners must submit an application to the county director of equalization by January first, detailing the eligible education expenses incurred. The bill also mandates that property tax bills reflect any credits received and empowers the Department of Revenue to establish rules for the application process and necessary documentation.