South Dakota is #1 in the nation
when it comes to tax climate
The South Dakota business climate is Number One in the nation for entrepreneurs according to the Small Business and Entrepreneurship Council. Our overall tax burden is ranked 2nd in the country according to the Tax Foundation. This section reviews the few business taxes and costs your company will have to pay in South Dakota.
The South Dakota entrepreneur has a competitive edge over all his/her business counterparts in the United States. The South Dakota business person enjoys:
- No corporate income tax
- No personal income tax
- No personal property tax
- No business inventory tax
- No inheritance tax
You can´t get much friendlier than that! According to the Tax Foundation, every type of firm in South Dakota has a lighter tax burden than the national average: 33% lower for the average firm. Businesses also benefit from low property and unemployment insurance taxes. (more)