{"data":{"id":"us-sd/sdcl-1-16g-59","jurisdiction":"us-sd","citation":"SDCL § 1-16G-59","heading":"Factors for board review of application.","body":"The Board of Economic Development shall review an application and make a determination of whether the project is approved or disapproved. The board shall consider the likelihood that the project would have occurred without the reinvestment payment. The board may approve a reinvestment payment that is equal to or less than South Dakota sales and use tax paid on the project costs.\nThe board shall consider the following factors when making that determination:\n(1) Has the county or municipality adopted a formula to reduce property taxation for the project for five years under the discretionary formula pursuant to § 10-6-137;\n(2) Has the county or municipality approved a tax increment financing district pursuant to chapter 11-9 for the area where the project will be located;\n(3) Has the municipality approved a municipal sales tax refund pursuant § 10-52-10;\n(4) Economic activity that may occur in the community, area, and state; and\n(5) Criteria established by rules promulgated pursuant to § 1-16G-67.","path":["TITLE 1. STATE AFFAIRS AND GOVERNMENT","CHAPTER 1-16G. ECONOMIC DEVELOPMENT"],"source_url":"https://sdlegislature.gov/Statutes/1-16G-59","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"5d8975ed94214730d6884fe3f72e80f916d757bd336db3d9cd3397729ef09030","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-1-16g-58","next":"us-sd/sdcl-1-16g-60"},"notice":"GroundRules: Original legal text. Not legal advice."}