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HB 1197 - Tax Changes Relating to Single Family Dwellings Under Construction - South Dakota Key Vote

Stage Details

See How Your Politicians Voted

Title: Tax Changes Relating to Single Family Dwellings Under Construction

Vote Smart's Synopsis:

Vote to override a veto of a bill that allows single-family dwellings under construction or for sale to be classified as owner-occupied single-family dwellings for tax purposes, even if they are not currently occupied.

Highlights:

-Specifies that contractors may classify a maximum of four dwellings at one time as owner-occupied single-family dwellings (Sec. 1). -Specifies that dwellings under construction may only be classified this way for a maximum of two years (Sec. 1).

NOTE: A TWO-THIRDS MAJORITY OF MEMBERS ELECTED IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.

See How Your Politicians Voted

Title: Tax Changes Relating to Single Family Dwellings Under Construction

Vote Smart's Synopsis:

Vote to override a veto of a bill that allows single-family dwellings under construction or for sale to be classified as owner-occupied single-family dwellings for tax purposes, even if they are not currently occupied.

Highlights:

-Specifies that contractors may classify a maximum of four dwellings at one time as owner-occupied single-family dwellings (Sec. 1). -Specifies that dwellings under construction may only be classified this way for a maximum of two years (Sec. 1).

NOTE: A TWO-THIRDS MAJORITY OF MEMBERS ELECTED IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.

Title: Tax Changes Relating to Single Family Dwellings Under Construction

Title: Tax Changes Relating to Single Family Dwellings Under Construction

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