South Dakota Codified Laws 5-18A-44. Conditional grant, tax abatement, and tax credit prohibited in construction contracts
Current as of: 2023 | Check for updates
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Subject to the provisions of § 5-18A-45, no governmental unit may award a grant, tax abatement, or tax credit that is conditioned upon a requirement that the awardee include a term described in § 5-18A-43 in a contract or document for any construction, improvement, maintenance, or renovation to real property or fixture that is the subject of the grant, tax abatement, or tax credit.
Terms Used In South Dakota Codified Laws 5-18A-44
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 2014, ch 40, § 3.