South Dakota does not provide a state-specific Research and Development (R&D) tax credit, meaning companies operating within the state are unable to claim a credit against state taxes for eligible R&D activities. However, South Dakota is known for its diverse industries, such as agriculture, manufacturing, healthcare, financial services, and renewable energy, all of which frequently pursue cutting-edge practices and technological progress. Although there is no state-level R&D credit, businesses in these sectors may still qualify for the federal R&D tax credit, which offers a substantial benefit for organizations investing in research and development.