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Opponents called the measure a form of corporate welfare that was robbing the general fund of money that should go to more pressing needs. They gathered signatures to put the measure on next month's ballot.

tax applied to the full amount of a $5 million project. The rules would allow a refund to the new business up to half the excise payment, or $50,000. The general fund also would receive $50,000 that wouldn't exist if the business went to another state, and the local economy Adidas Basketball Shoes Adizero Blue would gain jobs, supporters said.

The contractor's excise tax is 2 percent in South Dakota, or $100,000 if the Adidas Pure Boost Basketball Shoes

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Supporters on Tuesday said the measure would boost the economy and the state treasury by attracting business.

"This isn't an exemption from a tax. This is a partial refund," said David Owen, president of the South Dakota Chamber of Commerce and Industry.

"It's about high quality jobs. We're for '14' because it grows our economy and literally everyone benefits," said Bob O'Connell, director of public affairs and communications at the Sioux Falls Area Chamber of Commerce.

Voters on Nov. 6 will determine the fate of Referred Law 14.

Bill 1230 in 2011 as a provision to replace and refine a similar program that expires at the end of this year. It would raise about $16 million a year for excise tax refunds.

The measure would take a share of the money from the contractor's excise tax and use it for grants to attract future business ventures of $5 million or more. A state board would decide which projects deserve money.

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The Legislature passed House Boost Adidas White

for a state with a strong education system and that education funding here has taken a beating the last three years.

Rep. Bernie Hunhoff, a Yankton Democrat and minority leader in the House of Representatives, scoffed at that reasoning. He said prospective employers are looking Adidas Boost Shoes Women's

Slater Barr, president of the Sioux Falls Development Foundation, said South Dakota overall has an attractive business climate with long range benefits, but that upfront taxes are turning employers away.

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"If you could buy jobs and show a net positive return, let's spend the whole $4 billion budget on it," Hunhoff said. "Every state in the nation would be buying jobs. Who would be the loser? The taxpayer and the kids who need an education."

O'Connell spoke at a press conference at the Sioux Falls Development Foundation. Organizers of the event said 28 statewide groups have united to support the measure.

'14' will determine fate of state's industrial growth

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Adidas Basketball Shoes Adizero Blue

Adidas Basketball Shoes Adizero Blue

Adidas Basketball Shoes Adizero Blue

Business groups re emphasized their support Tuesday for a ballot issue they said would provide tax relief for prospective employers while encouraging economic development in South Dakota.

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