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SD
Reinvestment Payment Program
The Reinvestment Payment Program refunds a portion of sales and use tax paid on eligible large South Dakota business projects.
About this program
The Reinvestment Payment Program is a South Dakota incentive for businesses making significant capital investments in the state. Approved projects may receive a reinvestment payment based on South Dakota sales and use tax paid on eligible project costs. The program is administered by the Governor's Office of Economic Development and supports new or expanded facilities, equipment, and other qualifying investments that strengthen South Dakota's economy.
Eligibility
Businesses undertaking qualifying South Dakota construction, expansion, or equipment investment projects that meet program cost and approval requirements.
Requirements
- Project must be located in South Dakota.
- Applicant must meet minimum project cost and eligible investment requirements.
- Business must apply to GOED and receive approval.