State of South Dakota
Senators Kloucek, Bartling, Koetzle, Kooistra, Moore, Napoli, and Peterson
(Jim) and Representatives Gassman, Bradford, Dennert, Elliott, Haley,
Jensen, Lange, McCoy, Miles, Street, and Valandra
FOR AN ACT ENTITLED, An Act to
exempt certain energy production facilities from property
taxation for a certain period of time.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
be amended by adding thereto a NEW SECTION to read as
Any commercial power production facility, utilizing coal or any renewable resources, such
as sun, wind, geothermal, or biomass, that begins construction after June 30, 2005, and will
produce more than ten megawatts of electricity as measured by nameplate rating, is exempt from
property taxation for a period of two years or until the facility is operational, whichever occurs
last. This exemption only applies to new buildings and structures and does not apply to the land
or any buildings or structures that existed at the beginning of construction. The assessed
valuation of the property may not be less than the assessed valuation of the property in the year
preceding the beginning of construction. This section does not prohibit any county from
applying a discretionary formula providing additional property tax abatements as permitted by
300 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.029 per page.
Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by