P.O. Box 254, Hill City, SD 57745
(605) 574-2368
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Hill City Business Climate
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No Corporate Income Tax •
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No Personal Property Tax
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No Personal Income Tax •
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No Business Inventory Tax
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South Dakota is a land of Great Faces, Great Places, and Great Profits.
A land where you can start a business, hire some of the hardest working people in America, and together you can make money and keep it - rather than hand it over to the government. We have NO corporate income tax. NO personal income tax. NO personal property tax. NO business inventory tax. You will never find a climate that it is better for your business.
You will never find people more willing to get behind your business. South Dakota, a fine - tuned network of state and local advocates is poised to answer questions, eliminate problems and prevent anything resembling red tape.
South Dakotans' energetic approach to business comes naturally. Maybe it is our heritage - the pioneering spirit and optimism of our ancestors. Maybe it is a response to our surrounding. We enjoy a wholesome environment where crime and pollution are scarce, traffic jams are nearly unheard of and stress is something our structural engineers deal with. Of course, almost every state thinks that its business climate makes it a modern-day Garden of Eden. The difference is South Dakota's pro-business attitude does not fluctuate with every election. Republicans and Democrats have come and gone, but our state government has always been a friend to business. Our pro-business attitude is here today - and tomorrow. You can bank on it.
Sales Tax
A retail sales and use tax of 4% is imposed by the state, with Hill City imposing an additional 2%, or 3% for Food and Beverage.
Unemployment Insurance
South Dakota enjoys the lowest unemployment insurance rates in the nation. Employers pay from .00 to 7.7 percent of the first $7,000.00 in wages paid to each employee during a calendar year. The rate for new employers is 1.9% the first and 1.7% for the second and third years if they maintain a positive balance. Thereafter, the rate is based on experience, the average rate is .8%.
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Chamber of Commerce Quick Links
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HILL CITY CHAMBER OF COMMERCE
324 Main Street, PO Box 253 Hill City, South Dakota 57745 |
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