The bill aims to terminate certain excess tax levies imposed by school districts in South Dakota. Specifically, it states that any excess tax levy approved by a school district under the provisions of 10-12-43 or 10-12-43.1 before July 1, 2002, will not be allowed to be imposed in 2026 or any subsequent years.

This legislative change seeks to provide financial relief by eliminating outdated tax levies that are no longer necessary, thereby potentially reducing the tax burden on residents within those school districts.