South Dakota has no income tax and does not tax capital gains. Federal tax provisions regarding the dismissal or deferral of capital gains taxes have no effect at the state level.
South Dakota has designated 25 Qualified Opportunity Zones, which is 95 fewer than the United States median of 120, and 128 fewer than the United States average of 153. These zones are located in 17 different counties, out of a possible 66 total counties that exist within the state. Opportunity Funds can invest in 26% of the counties in South Dakota.
Minnehaha and Pennington County house the largest number of zones within the state at 4, which is 2 higher than the next most represented county in the state.
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