A comprehensive South Dakota economic development fund proposed by state legislators would be paid for with contractors excise tax collections and money from unclaimed property.
Republican Sen. Corey Brown, of Gettysburg, outlined the Building South Dakota Fund to the House State Affairs Committee on Monday. The panel voted unanimously to move the bill to the House floor.
The measure was introduced at a bipartisan news conference last week. It would focus on providing tax breaks for large projects that the state otherwise might not attract. It also would provide money for training workers and helping communities build the infrastructure needed to encourage development.
Republicans and Democrats have worked for the past two months to find a compromise plan.
The bill received supportive testimony from nearly two dozen people.
Most Popular Today
- 1.Development, Eye on KELOLAND
The Growing City Of Mitchell
Huether Talks About Citizen Backlash Following Walmart Meeting
Bids For Mitchell Library Expansion Come In High
Swimmers Able To Dive Into New Huron Pool
- 5.Your Money Matters
Monday Morning Business Brief
- 7.Crops, Agriculture
Rain Limited Some Planting Of Crops In S. Dakota
Monday Afternoon Business Brief
Monday Evening Business Brief
Free Continuing Education Credits For Insurance Agents