South Dakota Codified Laws 9-12-21. Rebate of municipal property taxes to further industry development goals
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Any second- or third-class municipality may rebate the municipal property taxes paid by any industry that furthers the municipality’s industrial development goals. Any such municipality shall, by ordinance, develop a program that provides for the type of industry that qualifies for the rebate, the length of time the rebate may apply, and the criteria the industry shall meet in order to qualify for the rebate.
Terms Used In South Dakota Codified Laws 9-12-21
- ordinance: as used in this title shall mean a permanent legislative act of the governing body of a municipality within the limits of its powers. See South Dakota Codified Laws 9-19-1
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 2021, ch 39, § 1.