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
Major Black Hills Jewelers Announce Purchase Deal
GreatLife Golf & Fitness Adds Courses
Home Sales Down, Prices Up
- 4.Your Money Matters
New Products For Your Home
- 5.Meetings & Events, Outdoors, South Dakota
State Fair In The School Calendar Debate
Wells Fargo Adding Jobs In Aberdeen
- 7.Meetings & Events
Home Show Gets Rave Reviews
Friday Morning Business Brief
Friday Afternoon Business Brief