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
Filly Flair Set To Open Sioux Falls Store On Saturday
- 2.Retail & Restaurants
Downtown Business Expanding
- 3.Meetings & Events
Construction Delays Force Cancellation Of Concert
US Official: Debris In Photo Belongs To Boeing 777
Facebook’s Zuckerberg Expecting Baby, Admits Struggle To Conceive
USDA Offers Winter Wheat Crop Insurance For All SD Farmers
Thursday Morning Business Brief
- 8.Health Care
New Sanford Hospice Facility To Be Named Ava's House
Friday Morning Business Brief
Thursday Evening Business Brief