Why has Spearfish become such a hotbed of activity? Simple!!! It's been accomplished by cutting edge competitiveness that gets to the business bone - a taxation policy built around the word "NO". Imagine a place where you can start a business, hire some of the hardest working people in America, and together make money and keep it - rather than hand it over to the government. Spearfish businesses and residents enjoy:
- No corporate income tax
- No personal income tax
- No personal property tax
- No business inventory tax
- No inheritance tax
The following briefly reviews the most common business taxes which are levied in South Dakota.
We know South Dakota is a great place to live, work and run a business. But you don’t have to take our word for it! Check out South Dakota’s rankings. We are consistently among the top, according to institutions like the Tax Foundation, the Small Business & Entrepreneurship Council, CNBC, among others!
|South Dakota Business Rankings|
|America's Top State for Business||1||2013||CNBC News|
|State Business Tax Climate Index||2||2013||Small Business & Entrepreneurship Council|
|US Innovation/Entrepreneurial Growth||1||2013||Fast Company|
|Personal Income Growth||1||2013||US Bureau of Economic Analysis|
|Top States for Credit||3||2012||Cardrating.com|
|Best Run State||1||2012||Barron's|
|State Business Tax Climate||2||2012||Tax Foundation|