South Dakota State Senator Larry Rhoden of Union Center says Western ranchers in need of disaster assistance might benefit from a tax abatement. He talked about the possibility at the recent Ag Land Assessment task force meeting. He says a change in the law would be needed as livestock are not considered real property so wouldn’t normally be eligible for tax relief.
Rhoden says another problem with giving ranchers an abatement is while it may be helpful it wouldn’t solve all of their financial difficulties.
He says yet another problem is the unintended consequences for local government if ranchers get a tax abatement for their livestock losses.
Rhoden says lawmakers need to come up with some solution in order to help those injured by the blizzard.