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.

State: 
South Dakota
Reporting Jurisdiction: 
South Dakota
Jurisdiction type
State
Fiscal year ending In: 
2020
Program name: 
The Reinvestment Payment Program
Program purpose
Economic development; Job creation/retention
Statutory authority
South Dakota Codified Laws 1-16G-56 Tourism development 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)