21.378.11 96th Legislative Session 156

2021 South Dakota Legislature

House Bill 1143

ENROLLED

An Act

ENTITLED An Act to authorize certain municipalities to offer limited incentives for industrial development.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That a NEW SECTION be added:

9-12-21. Rebate of municipal property taxes to further industry development goals.

Any second- or third-class municipality may rebate the municipal property taxes paid by any industry that furthers the municipality's industrial development goals. Any such municipality shall, by ordinance, develop a program that provides for the type of industry that qualifies for the rebate, the length of time the rebate may apply, and the criteria the industry shall meet in order to qualify for the rebate.

An Act to authorize certain municipalities to offer limited incentives for industrial development.

I certify that the attached Act originated in the:

House as Bill No. 1143

Chief Clerk

Speaker of the House

Attest:

Chief Clerk

President of the Senate

Attest:

Secretary of the Senate

House Bill No. 1143

File No. ____

Chapter No. ______

Received at this Executive Office

this _____ day of _____________,

2021 at ____________M.

By

for the Governor

The attached Act is hereby

approved this ________ day of

______________, A.D., 2021

Governor

STATE OF SOUTH DAKOTA,

ss.

Office of the Secretary of State

Filed ____________, 2021

at _________ o'clock __M.

Secretary of State

By

Asst. Secretary of State