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
South SF Walmart Faces Another Lawsuit
- 2.Retail & Restaurants
Fareway Foods Files Building Permit For Second Sioux Falls Location
- 3.Retail & Restaurants
Sioux Falls Southside Walmart Sets Target Opening Date
CenturyLink Service Restored Monday Afternoon
- 5.Livestock, Agriculture
Bird Flu Found In 4 More NW Iowa Poultry Farms
California Medical Technology Company Relocating To SD
- 7.Retail & Restaurants, Summit League Tournament
Summit League Tournament Has $11 Million Impact
- 8.Your Money Matters
Backyard Chickens Could Be Threatened By Bird Flu
- 9.Gas & Energy, Pipeline
SD PUC Delays Hearing On Keystone XL Pipeline Construction
- 10.Livestock, Agriculture
State Extends Emergency Declaration For Bird Flu Response