9-12-21. Rebate of municipal property taxes to further industry development goals.
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.
Source: SL 2021, ch 39, ยง 1.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 12 - General Powers Of Municipalities
Section 9-12-1 - General corporate powers--Municipal property.
Section 9-12-2 - Fiscal powers of municipalities.
Section 9-12-3 - Expenses of officers and employees in attending meetings.
Section 9-12-3.1 - Compensation of board and commission members not already compensated.
Section 9-12-4 - Agreements with state and United States to carry out municipal functions.
Section 9-12-5 - Lease or transfer of municipal property to state agency for public purposes.
Section 9-12-5.1 - Lease of municipally-owned property--Term and conditions.
Section 9-12-5.2 - Lease to private person--Resolution of intent--Notice and hearing--Authorization.
Section 9-12-6 - Designation of official newspapers.
Section 9-12-9 - Municipal appropriations for observance of holidays.
Section 9-12-10 - City census.
Section 9-12-11 - Promotion of municipality--Appropriation and expenditure of funds--Records.
Section 9-12-12 - Employment of welfare workers.
Section 9-12-13 - Power to adopt zoning ordinance.
Section 9-12-14 - Power to support airports and landing fields.
Section 9-12-14.1 - Municipality authorized to provide funds for air carrier air service.
Section 9-12-15 - Power to maintain library.
Section 9-12-16 - Option to adopt campaign finance law.
Section 9-12-18 - Power to maintain abandoned cemetery--Cemetery board--Funds.
Section 9-12-19 - Inspection fee for government-owned property.
Section 9-12-21 - Rebate of municipal property taxes to further industry development goals.