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’14’ will determine fate of state’s industrial growth – Measure would grant refunds to companies that locate in S.D.

October 25, 2012 /

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Business groups re-emphasized their support Tuesday for a ballot issue they said would provide tax relief for prospective employers while encouraging economic development in South Dakota.

Voters on Nov. 6 will determine the fate of Referred Law 14.

The measure would take a share of the money from the contractor’s excise tax and use it for grants to attract future business ventures of $5 million or more. A state board would decide which projects deserve money.

Jon Walker

Full Story: http://www.argusleader.com/article/20121024/NEWS/310240051/-14-will-determine-fate-state-s-industrial-growth?nclick_check=1

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