Economic Development

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HB 1187 – Interim study of South Dakota tax expenditures

A tax expenditure report is one of several fiscal tools that could help inform South Dakota budget decisions

South Dakota, like most states, is struggling to resolve a structural deficit while maintaining essential state services. Many states take advantage of budget analysis tools that help clarify the options and… Read more

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Analysis of HB1230 – a proposal to increase spending on economic development

Amid 10% spending cuts, proposal increases South Dakota tax revenues dedicated to economic development

During the past 15 years South Dakota has refunded nearly $69 million of the contractors excise taxes to 38 construction projects¹. That is $69 million in state tax revenues that have not been available for other South Dakota expenditures or… Read more