PIERRE, S.D. (KELO) — A Union County manufacturer of agricultural implements and a Davison County livestock producer received approval Wednesday for partial refunds of South Dakota sales and use taxes they paid for some new equipment.
The state Board of Economic Development granted a reinvestment payment to FIMCO Inc. up to $45,000 but not to exceed 50% of sales and use tax.
The North Sioux City-based company describes itself as the nation’s largest maker of lawn and garden sprayers.
The Legislature approved the reinvestment program as part of a broader Building South Dakota package in 2013 that then-Governor Dennis Daugaard signed into law.
The board turned down a reinvestment-payment application from Day County Wind LLC. The amount wasn’t listed on the agenda.