The city will work closely with any organization seeking to establish industry within city limits. The city will aid any such person or organization in any way possible to help accomplish that person’s or organization’s objectives. This subchapter is favorable, by granting a special tax classification, to all new industrial or commercial structures, or structure additions which have an assessed value of $30,000 or more. In order for the classification to take effect, such structures must be located within three miles of the city’s corporate limits, or within city limits itself.
(Prior Code, § 8-2-1)
Statutory reference:
Related provisions, see SDCL §§ 9-12-2, Chapter 9-21, 10-12-32, 10-12-33