Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Cash payments for out-of-state businesses reinvesting in South Dakota capital projects, providing a one-time benefit tied to the sales tax paid on construction materials for qualifying new facilities.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Facility must be a new construction project in South Dakota (not an expansion)
2.Business must be a new South Dakota employer (from out of state)
3.Reinvestment payment: refund of state sales tax paid on construction materials
4.Minimum project cost: $20M for manufacturing; $5M for certain others
5.Must apply before breaking ground; annual program cap applies
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Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
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Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).