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
Sioux City Riverboat Casino Prepares For Last Day
Keller Williams Acquiring HJN
Keller Williams Buys Out HJN Realty
- 4.Development, Events Center
New Developments Near Events Center Taking Shape
Debt And The Midwest
Census Estimates Sioux Falls Population Nearing 165,000
- 7.Health Care
ND Hospital, National Nonprofit Talk Affiliation
- 8.Development, Events Center
Russell Street Construction Nearing Completion
- 9.Meetings & Events, Events Center
City Seeks Performers For Events Center Open House
Minnehaha Co. Adopts Provisional 2015 Budget