This bill amends existing laws regarding tax refunds for elderly individuals and persons with disabilities in South Dakota. Specifically, it modifies the refund amounts for both single-member and multiple-member households under sections 10-18A-5 and 10-18A-6, as well as the income thresholds and corresponding refund amounts for claims made by single-person and multi-person households under sections 10-45A-5 and 10-45A-6. The adjustments aim to provide more equitable tax relief based on household income levels.

Additionally, the bill appropriates $425,000 from the general fund to the Department of Revenue to facilitate these refunds, with up to $20,000 allocated for administrative costs. It establishes a deadline of June 30, 2026, for the expenditure of these funds, after which any unspent amounts will revert according to existing procedures. The bill also declares an emergency, allowing it to take effect immediately upon passage and approval, emphasizing its importance for the support of state government and public institutions.

Statutes affected:
Introduced, 01/08/2025: 10-18A-5, 10-18A-6, 10-45A-5, 10-45A-6
Enrolled, 02/27/2025: 10-18A-5, 10-18A-6, 10-45A-5, 10-45A-6