Wind and Transmission Construction Tax Refund (South Dakota)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place South Dakota

Name Wind and Transmission Construction Tax Refund
Incentive Type Sales Tax Incentive
Applicable Sector Commercial, Industrial
Eligible Technologies Wind
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Varies by construction costs







Start Date 2010-01-01
Expiration Date 2012-12-31






Maximum Incentive 55% of taxes paid










Program Administrator S.D. Department of Revenue and Regulation

Date added to DSIRE 2010-04-07
Last DSIRE Review 2013-06-26
Last Substantive Modification
to Summary by DSIRE
2013-06-26


References DSIRE[1]


Summary

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.


Incentive Contact

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
Zip/Postal Code 57501-3100
Phone (605) 773-5120
Phone 2 (605) 773-6729

Email colleen.skinner@state.sd.us
Website http://www.state.sd.us/drr2/propspectax/assessor/power_light.htm
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: SDCL § 10-45B-16, et seq.
Date Effective 2010-01-01
Date Enacted 2010-03-29
Expiration Date 2012-12-31

















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"