SD hearing delayed on economic incentive bill - KOTA Territory News

SD hearing delayed on economic incentive bill

Posted:

The Associated Press

PIERRE, S.D. (AP) _ A South Dakota House committee has delayed a hearing on a bill aimed at providing financial incentives that would help recruit large industrial projects to the state.

 

An old program that refunded construction taxes for big projects expired Dec. 31. Voters in November rejected Gov. Dennis Daugaard's proposed replacement plan to use tax funds to give grants to projects that would not locate in South Dakota without the financial incentives.

 

The State Affairs Committee had planned to hold a hearing Monday on a measure that would refund city sales taxes on some projects and also give those projects a state grant. But the committee chairman, Rep. David Lust of Rapid City, says the hearing has been delayed because officials are working on some changes to the bill.

 

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