SB 173 (2025): relative to residential property subject to housing covenants under the low income housing tax credit program.
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- “SB 173 (2025): relative to residential property subject to housing covenants under the low income housing tax credit program.” Granite Record, https://graniterecord.org/bill/2025/sb173. Accessed 19 Oct. 2026.
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- Granite Record. (n.d.). SB 173 (2025): relative to residential property subject to housing covenants under the low income housing tax credit program. Retrieved 19 Oct. 2026, from https://graniterecord.org/bill/2025/sb173
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- Granite Record. “SB 173 (2025): relative to residential property subject to housing covenants under the low income housing tax credit program.” Accessed 19 Oct. 2026. https://graniterecord.org/bill/2025/sb173.
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@misc{bill-2025-sb173, title = {SB 173 (2025): relative to residential property subject to housing covenants under the low income housing tax credit program.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2025/sb173}, note = {Accessed 19 Oct. 2026} }
SB 173 (2025)
relative to residential property subject to housing covenants under the low income housing tax credit program.
- Status: Signed into law
- Term: 2025-2026
- House committee: Housing
- Senate committee: Commerce
- Subject: Housing
- Chapter law: 120
The Story
It was introduced on January 9, 2025 and referred to the Senate Commerce committee. The committee held a public hearing on February 20, 2025. The committee voted unanimously, 6–0, to recommend that the Senate pass it, and the report was placed on the consent calendar. On March 20, 2025 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on March 27, 2025 and was referred to the House Housing committee. The committee held a public hearing on April 8, 2025, with 59 people signed in online: 57 in support and 2 in opposition. The committee met in executive session on May 1, 2025 to vote on its recommendation. The committee voted unanimously, 15–0, to recommend that the House pass it, and the report was placed on the consent calendar. On May 8, 2025 the House voted to pass it on a voice vote. On May 8, 2025 the bill was referred to the Ways and Means committee, whose chair waived the referral under House Rule 47(f). The bill was enrolled on June 12, 2025 — the final check of the text before it goes to the governor. The governor signed it on June 24, 2025, making it Chapter 120 of the session laws. It took effect on July 1, 2025.
Sponsors
- Sen. Keith Murphy (R - SD16) (prime sponsor)
- Sen. Howard Pearl (R - SD17)
- Rep. Jason Osborne (R - Rock 2)
- Sen. Rebecca Perkins Kwoka (D - SD21)
- Sen. Tim McGough (R - SD11)
- Rep. Joe Alexander (R - Hills 29)
Hearings and Sessions
- February 20, 2025, 9:45 AM: hearing, Senate Commerce, SH 100
- March 20, 2025: consent calendar, Senate
- April 8, 2025, 10:00 AM: public hearing, House Housing, LOB 305
- May 1, 2025, 11:40 AM: executive session, House Housing, LOB 305
- May 8, 2025: floor debate, House
Votes
- March 20, 2025, Senate: Ought to Pass — voice vote, passed
- May 8, 2025, House: Ought to Pass — voice vote, passed
The Docket
- January 9, 2025: Introduced 01/09/2025 and Referred to Commerce
- February 20, 2025: Hearing: 02/20/2025, Room 100, SH, 09:45 am
- March 20, 2025: Committee Report: Ought to Pass, 03/20/2025; Vote 6-0; CC
- March 20, 2025: Ought to Pass: MA, VV; OT3rdg; 03/20/2025
- March 27, 2025: Introduced (in recess of) 03/27/2025 and referred to Housing
- April 8, 2025: Public Hearing: 04/08/2025 10:00 am LOB 305
- May 1, 2025: Executive Session: 05/01/2025 11:40 am LOB 305
- May 1, 2025: Committee Report: Ought to Pass 05/01/2025 (Vote 15-0; CC)
- May 6, 2025: ==CANCELLED== Executive Session: 05/06/2025 10:00 am LOB 305
- May 8, 2025: Ought to Pass: MA VV 05/08/2025
- May 8, 2025: Referred to Ways and Means 05/08/2025
- May 8, 2025: Referral Waived by Committee Chair per House Rule 47(f) 05/08/2025
- June 12, 2025: Enrolled Adopted, VV, (In recess 06/12/2025)
- June 12, 2025: Enrolled (in recess of) 06/12/2025
- June 24, 2025: Signed by the Governor on 06/24/2025; Chapter 0120; Effective 07/01/2025