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.
State or Territory: | South Dakota |
Effected Jurisdiction: | South Dakota |
Jurisdiction type: | State or Territory |
Fiscal year ending In: | 2020 |
Program name: | Reinvestment Payment Program |
Program purpose: | Job Creation/Retention |
Statutory authority: | SDCL 1-16G-56 to 1-16G-68 |
Abating jurisdiction(s): | State of South Dakota |
Applicable taxes: | Sales and Use Tax |
Method of abatement: | Tax Rebate |
Provisions for recapture: | No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). |
Gross revenue loss: | $19,300,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $19,300,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |