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.Development
Millions In Projects Face Delays - 2.Your Money Matters
Update On Empire Mall Remodel - 3.Development, General
Neighborhood Group Responds To Zoning Accusations - 4.Development, Outdoors
Greens At Risk - 5.Development, General
Lower Brule Sioux Tribe Seek Approval of SD Casino - 6.Your Money Matters
Art As An Investment - 7.Economy/Stocks
Wednesday Morning Business Brief - 8.Economy/Stocks
Tuesday Afternoon Business Brief - 9.Economy/Stocks
Wednesday Afternoon Business Brief - 10.Technology, General, All Industries
When and Why You Shouldn’t Host Videos On YouTube







