Gov. Dennis Daugaard and legislative leaders are looking to find a new way to provide financial incentives that would help recruit new large industrial projects to South Dakota.
It's one of several issues lawmakers are set to weigh this week during the state's legislative session.
An old program that refunded construction taxes for big industrial projects expired Dec. 31, and voters in November rejected the governor's proposed replacement plan to use tax funds to give grants to projects that would not locate in the state without the financial incentives.
The House State Affairs Committee will have a hearing Monday on a measure to refund city sales taxes on some projects and also give those projects a state grant. That bill is sponsored by Republican and Democratic leaders from both chambers.
Most Popular Today
- 1.Retail & Restaurants
Hy-Vee Announces Updates To Sioux Falls Stores
- 2.Recalls, General
Ford Recalls Nearly 423K Vehicles For Power Steering Problem
- 3.Your Money Matters
Flights Cut/Airfares Rise Out of Sioux Falls
Software Glitch Can Cause iPhones To Crash
- 5.Retail & Restaurants
Women's Clothier Torrid Coming To Empire Mall
- 6.Retail & Restaurants
Caribou Coffee, Einstein Bagels Opening SF Location
- 7.Your Money Matters
Changing Face Of 41st Street
Sioux Falls Ranked As Top City For College Grads
- 9.Health Care
Med-Star Settling Into New Location
- 10.Your Money Matters
Fewer Flights Lead To Higher Prices