Wind and Transmission Construction Tax Refund (South Dakota)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Wind and Transmission Construction Tax Refund|
|Incentive Type||Sales Tax Incentive|
|Applicable Sector||Commercial, Industrial|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||Varies by construction costs|
|Maximum Incentive||55% of taxes paid|
|Program Administrator||S.D. Department of Revenue and Regulation|
Note: This refund is only available for cost incurred between January 1, 2010 and December 31, 2012, except for performance retainage amounts. No new installations are eligible for the incentive after January 1, 2013. In March 2010, South Dakota established a tax refund for new or expanded wind-energy facilities, new or upgraded electric transmission lines and associated facilities, and business facilities that manufacture or distribute wind or transmission components. This refund, which applies to sales or use taxes and contractors' excise taxes on project costs, is available to facilities with a construction date on or after January 1, 2010.
In general, the amount of the tax refund is a percentage of the taxes paid, as follows:
- For project costs less than $10 million, there is no refund.
- For project costs of $10 million or more but less than $40 million, the refund is 45% of the taxes paid.
- For project costs of $40 million or more, there is a refund of 55% of the taxes paid.
Refunds will not be awarded for any project cost incurred and paid on or after December 31, 2012, except for performance retainage amounts (not to exceed 10%) related to the project.
|Contact Name||Colleen Skinner|
|Department||S.D. Department of Revenue and Regulation|
|Division||Property and Special Tax Division|
|Address||445 East Capitol Avenue|
|Place||Pierre, South Dakota|
|Phone 2||(605) 773-6729|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||SDCL § 10-45B-16, et seq.|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.