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§ 13-13-10.9 Tax increment financing districts created for industrial, economic development, or affordable housing purposes after June 30, 2018.

SD Codified L § 13-13-10.9 (2019) (N/A)
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13-13-10.9. Tax increment financing districts created for industrial, economic development, or affordable housing purposes after June 30, 2018. The provisions of subdivision 10-12-44(1) that require the county auditor to raise additional revenue from real property taxes for the general fund and special education fund of any school district located in a tax increment financing district and the provisions of § 13-13-10.8, do not apply to any tax increment financing district created for industrial, economic development, or affordable housing purposes, as those terms are defined in § 13-13-10.10.

For purposes of this chapter, the assessed value of any real property in a tax increment financing district created for industrial, economic development, or affordable housing purposes is the tax increment base as defined in § 11-9-19.

This section applies to tax increment financing districts created after June 30, 2018.

Source: SL 2018, ch 70, § 3.

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§ 13-13-10.8 Assessed value of property in tax increment financing district created after June 30, 2018.
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§ 13-13-10.10 Industrial, economic development, and affordable housing purposes defined for purposes of § 13-13-10.9.