South Dakota Codified Laws
Chapter 19A - Preservation Of Historic Sites
Section 1-19A-20 - Tax moratorium on increased valuation due to restoration or rehabilitation of historic property.

1-19A-20. Tax moratorium on increased valuation due to restoration or rehabilitation of historic property.
There is a moratorium on the taxation of increased valuation due to restoration or rehabilitation of real estate placed on the State Register of Historic Places in accordance with §1-19A-5 and which has been assisted through federal restoration grant-in-aid assistance provided by Public Law 102-575 as amended to January 1, 1994, or which has been substantially restored or rehabilitated with the assistance of the historic preservation loan fund, or which has undergone privately funded restoration or rehabilitation which has been certified as meeting historic preservation standards by the State Historical Society Board of Trustees. The board shall use U.S. Department of the Interior standards for historic preservation projects codified in 36 C.F.R. 67 as of January 1, 1994, to approve or deny certifications. The moratorium shall begin in the year that approval of the completed work is granted and shall extend for a period of eight years.

Source: SL 1978, ch 11, §2; SL 1980, ch 79; SL 1987, ch 19, §2; SL 1994, ch 16, §1.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 1 - State Affairs and Government

Chapter 19A - Preservation Of Historic Sites

Section 1-19A-1 - Legislative findings and declaration.

Section 1-19A-2 - Definition of terms.

Section 1-19A-3 - Statewide survey of historic properties.

Section 1-19A-4 - Entry on private property for survey--Consent required.

Section 1-19A-5 - State register of historic places--Standards for listing.

Section 1-19A-6 - Participation in conferences and programs.

Section 1-19A-7 - Cooperation with other governmental agencies.

Section 1-19A-8 - Qualification for federal aid.

Section 1-19A-10 - Preparation of preservation plan--Review and revision.

Section 1-19A-11 - Promulgation of rules regarding properties.

Section 1-19A-11.1 - Preservation of historic property--Procedures.

Section 1-19A-12 - Coordination of activities of local commissions.

Section 1-19A-13 - Assistance to local commissions and private parties.

Section 1-19A-13.1 - Historical preservation loan and grant fund established--Purpose--Sources of funds.

Section 1-19A-13.2 - National register eligibility required.

Section 1-19A-13.3 - Amount of loans and grants--Interest rate--Extensions and renewals--Amounts available for structures with public use.

Section 1-19A-13.4 - Funds to be used for restoration of historic properties.

Section 1-19A-13.5 - Promulgation of rules regarding historical preservation loans and grants.

Section 1-19A-14 - Information provided on historic properties.

Section 1-19A-15 - Stimulation of public interest in historic preservation.

Section 1-19A-16 - On-going programs--Programs of school of mines and technology not affected--Charge for publications.

Section 1-19A-17 - Improvement and operation of historic properties--Legislative consent required for acquisition.

Section 1-19A-18.1 - State Review Board abolished.

Section 1-19A-19 - Powers and duties of board.

Section 1-19A-20 - Tax moratorium on increased valuation due to restoration or rehabilitation of historic property.

Section 1-19A-21 - Covenant to maintain property required to benefit from chapter.

Section 1-19A-22 - Cancellation of tax moratorium.

Section 1-19A-23 - Ratification of previous moratoriums.

Section 1-19A-24 - Moratoriums for certain property prohibited.

Section 1-19A-29 - Promulgation of rules to administer chapter.