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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateSouth Dakota
Effected JurisdictionPennington County
Jurisdiction type: County
Fiscal year ending In2018
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: South Dakota Codified Law section 11-9.
Abating jurisdiction(s): Rapid City, SD
Applicable taxesProperty Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (not specified)
Gross revenue loss: $2,297,096
Reimbursement / offset: $0
Net revenue loss: $2,297,096
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.pennco.org/index.asp?SEC=60DC43ED-2637-4C0C-AFA1-9D3FEB0DC9C4