South Dakota § 11-9-1 Definition of terms.

South Dakota Statutes

§ 11-9-1 — Definition of terms.

South Dakota § 11-9-1

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-8TAX INCREMENT FINANCING DISTRICTS

This text of South Dakota § 11-9-1 (Definition of terms.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 11-9-1 (2026).

Text

Terms used in this chapter mean:

(1)"Department," the Department of Revenue;

(2)"District," a tax increment financing district;

(3)"Governing body," the board of trustees, the board of commissioners, the board of county commissioners, or the common council of a municipality;

(4)"Grant," the transfer of money or property to a transferee for a governmental purpose that is not a related party to or an agent of the political subdivision;

(5)"Planning commission," a planning commission created under chapters 11-2 or 11-6 , a planning committee of a governing body of a political subdivision that does not have a planning commission, or the governing body of a political subdivision that does not have a planning commission or planning committee;

(6)"Political subdivision," a

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Terms used in this chapter mean: (1) "Department," the Department of Revenue; (2) "District," a tax increment financing district; (3) "Governing body," the board of trustees, the board of commissioners, the board of county commissioners, or the common council of a municipality; (4) "Grant," the transfer of money or property to a transferee for a governmental purpose that is not a related party to or an agent of the political subdivision; (5) "Planning commission," a planning commission created under chapters 11-2 or 11-6 , a planning committee of a governing body of a political subdivision that does not have a planning commission, or the governing body of a political subdivision that does not have a planning commission or planning committee; (6) "Political subdivision," a municipality, as defined in § 11-6-1 , or county of this state; (7) "Project plan," the properly approved plan for the development or redevelopment of a tax increment financing district including all properly approved amendments to the plan; (8) "Tax increment financing district," a contiguous geographic area within a political subdivision defined and created by resolution of the governing body; (9) "Taxable property," all real and personal taxable property located in a tax increment financing district; (10) "Tax increment valuation," the total value of the tax increment financing district minus the tax increment base as determined pursuant to § 11-9-19 .

Legislative History

SL 1978, ch 91, § 1; SL 1991, ch 114, § 1; SL 1992, ch 60, § 2; SL 1996, ch 69, § 16; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011; SL 2011, ch 73, § 1; SL 2018, ch 70, § 7; SL 2024, ch 45, § 1.