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make an appropriation for the economic development prosperity of South Dakota.

HB1134 appropriates $101 from South Dakota's general fund for economic development purposes. Any money that isn't spent or committed by the end of the fiscal year will be returned to the state treasury following standard procedures.

make an appropriation for the economic development of South Dakota.

SB 120 appropriates $101 from South Dakota's general fund for economic development purposes. The money becomes available for spending on June 30, 2026, and any unused funds will be returned to the general fund following standard state procedures.

amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund.

This bill clarifies how money from South Dakota's employer investment fund can be loaned or granted out for research and economic development projects. It requires the Governor's Office of Economic Development to write detailed rules covering how businesses and organizations apply for these loans and grants, how the state evaluates their economic impact, and what terms apply to the loans.

modify requirements to create a tax increment financing district.

This bill modifies the rules for creating and operating tax increment financing (TIF) districts in South Dakota by updating definitions and requirements in state law. The changes affect how political subdivisions like cities and counties can establish these special districts, which use future property tax increases in a designated area to fund development projects. Key modifications include refined definitions of planning requirements, financing methods, and the process for creating and managing these districts.

amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund.

South Dakota's "Employer's Investment in South Dakota's Future Fund" will now have a clearer process for how money gets distributed, with the Governor's Office of Economic Development handling awards for research and economic development projects. The bill specifically defines which projects qualify for funding, including research for key industries, scholarships for career-focused programs at state colleges and technical schools, workforce training, and economic infrastructure development.

modify the blight requirements for purposes of creating a tax increment financing district.

This bill lowers the threshold for creating a tax increment financing district by reducing the required blighted area from 25% to 50% of the district's real property. Additionally, it allows districts to qualify if 50% of the property will stimulate economic development, even if less of the district is currently blighted. These changes make it easier for counties and municipalities to establish these special financing districts to fund local improvements.

remove the authorization to issue grants as part of a tax increment financing district.

This bill removes the ability of tax increment financing districts to issue grants to developers or other organizations as part of their financing activities. The changes eliminate the definition of "grant" from state law and streamline related provisions, meaning cities and counties can no longer use tax increment financing district funds to directly transfer money or property to outside parties for development projects.

modify provisions relating to the reinvestment payment program, and relating to the purchasing of goods and services used by projects approved for the reinvestment payment program.

SB 239 modifies South Dakota's reinvestment payment program by updating key definitions used in the program, including adding a new definition for "cryptocurrency" and clarifying what counts as a "data center" for purposes of the program. The bill also adjusts how goods and services purchased for reinvestment-approved projects are treated under state law. These changes appear designed to modernize the reinvestment program to cover new types of businesses and clarify eligibility requirements.

create small-batch alcohol licenses.

South Dakota is creating new "small-batch" alcohol licenses for wineries, distilleries, cideries, and breweries that produce alcohol in limited quantities. These small-batch producers will be exempt from rules that normally prevent manufacturers from having financial interests in retail alcohol businesses, allowing them to sell directly to consumers or operate their own retail operations. The bill modifies existing alcohol licensing laws across multiple chapters to define these new small-batch categories and establish their separate regulatory requirements.

make an appropriation to enhance the economic health of South Dakota.

This bill appropriates $101 from the state's general fund to be used for enhancing South Dakota's economic health, though the bill does not specify how the money will be spent. Any funds not used by the end of the fiscal year will be returned to the general fund according to standard state procedures.

amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund.

This bill expands how money from South Dakota's employer investment fund can be used by allowing grants for research, economic development, scholarships, workforce training, and infrastructure projects. The bill changes the process for distributing these funds and adds new rules about which organizations and programs can receive the money, including public schools, universities, apprenticeship programs, and technical education providers.

modify requirements to create a tax increment financing district.

HB1289 modifies the rules for creating and operating tax increment financing (TIF) districts, which are special areas where tax revenue increases are used to fund local development projects. The bill updates definitions and requirements across multiple sections of South Dakota law governing TIF districts, though the specific substantive changes would need to be reviewed in the full bill text beyond the excerpted definitions shown.

make an appropriation for providing loans to custom exempt plants and slaughtering establishments.

South Dakota will set aside $10 million to provide loans to businesses starting or expanding custom meat processing plants and slaughtering facilities in the state, with individual loans capped at $1 million per business. The Governor's Office of Economic Development will manage these loans, which will rank below any other loans the businesses have taken out for the same purpose. This is a new appropriation of state funds rather than a change to existing law.

encouraging honest economic development rooted in the republican principles of limited government, deregulation, and organic entrepreneurial growth.

This concurrent resolution is a non-binding statement expressing the South Dakota Legislature's support for free-market economic development based on limited government, deregulation, and entrepreneurial growth rather than government incentives. It does not change any existing state laws, but instead encourages state policymakers to develop future policies that reduce regulations and avoid using tax credits or subsidies to attract businesses. The resolution reflects a philosophical position that businesses should choose South Dakota based on its business environment rather than government financial incentives.

modify provisions for a tax increment financing district.

This bill modifies the rules for tax increment financing (TIF) districts, which are areas where local governments can redirect property tax increases toward development projects. The main change clarifies that counties' existing discretionary tax assessment formulas for new structures cannot be applied to properties located within TIF districts, ensuring TIF revenues are preserved for their intended development purposes.

provide a sales and use tax exemption for goods and services related to data center operations.

This bill creates a sales and use tax exemption for companies operating data centers in South Dakota, allowing them to avoid paying sales tax on computer equipment, software, cooling systems, power infrastructure, and other specialized machinery needed to run the facilities. The exemption applies to items used solely for data center operations, excluding equipment related to cryptocurrency mining. This tax break is designed to attract data center investment to the state by reducing operational costs for qualifying businesses.

modify the distributions of revenues collected from severance taxation on new permits.

This bill changes how South Dakota distributes tax revenue from new precious metals mining permits. For companies that get permits on or after July 1, 2026, the state removes the $1 million cap that previously stopped counties from receiving their 20% revenue share once they hit that threshold—meaning counties will now continue receiving their share indefinitely from these newer operations. The bill also clarifies that when mining companies merge or consolidate, counties keep their rights to revenue from the original permit holder.

consider a cultivated-protein food product to be adulterated food.

South Dakota will classify lab-grown meat (cultivated protein) as adulterated food, meaning it cannot be legally sold or distributed in the state. This change adds cultivated-protein products to the existing list of substances that violate South Dakota's food purity standards, effectively banning their sale alongside other prohibited foods.

make an appropriation for the expansion of broadband infrastructure and to declare an emergency.

South Dakota receives $87 million in federal funding to expand broadband internet access across the state, with the Governor's Office of Economic Development distributing grants to projects that meet federal Broadband Equity, Access, and Deployment program requirements. The bill declares an emergency to allow the funds to be spent immediately rather than following standard appropriation timelines.

revise the General Appropriations Act for fiscal year 2026.

This bill adjusts spending amounts in South Dakota's budget for fiscal year 2026 by increasing or redirecting funds to various state agencies and programs. The changes include boosting funding for economic development, state employee compensation, building maintenance and repairs, and information technology services, with increases coming from general funds, federal funds, and other revenue sources.