South Dakota and the R&D Tax Credit

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.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location 101 South Reid Street, Sioux Falls, South Dakota provides R&D tax credit consulting and advisory services to Sioux Falls, Rapid City, Aberdeen, Brookings and Watertown.

If you have any questions or need further assistance, please call or email our local South Dakota Partner on (605) 776-2882.
Feel free to book a quick teleconference with one of our South Dakota R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.


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South Dakota Office 

Swanson Reed | Specialist R&D Tax Advisors
101 South Reid Street
Sioux Falls, SD 57103