21.378.11 96th Legislative Session 156
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:
Speaker of the House
President of the Senate
Secretary of the Senate
File No. ____
Chapter No. ______
Received at this Executive Office
this _____ day of _____________,
2021 at ____________M.
for the Governor
The attached Act is hereby
approved this ________ day of
______________, A.D., 2021
Filed ____________, 2021
at _________ o'clock __M.
Secretary of State
Asst. Secretary of State