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SD
Reinvestment Payment Program (Agriculture/Agribusiness)
Refunds state sales and use taxes on construction costs for large agricultural facility projects exceeding $20 million, or equipment upgrades over $2 million. Recently used for sow farms and dairies.
About this program
Visit the program website for full details.
Eligibility
Agricultural and agribusiness projects with facility costs exceeding $20,000,000 or equipment upgrades exceeding $2,000,000. Must demonstrate project would not have occurred without the payment.
Requirements
- New or expanded facility costs must exceed $20,000,000
- OR equipment upgrade costs must exceed $2,000,000
- Must demonstrate project would not have occurred without reinvestment payment