A Great Place to Call Home
According to CNN’s annual rankings, South Dakota is No. 1 for business, due in large part to these competitive advantages:
Taxes Sales Tax
No Corporate Income Tax State 4%
No Personal Property Tax City 2%
No Personal Income Tax Tourism 1%
No Business Inventory Tax
No Inheritance Tax
South Dakota average unemployment insurance rate is 1%-the seventh lowest in the nation.
For new employers the rate is 1.75% for the first year’s operation and 1.55% for the second and third years if the account balance is positive. Thereafter the rate is based on the company’s experience.