Discussions concerning the creation of a tax incentive program for housing in Deadwood are moving forward. According to the Black Hills Pioneer, draft definitions of “owner,” “occupied,” and “vacant building” as well as the certification for owner-occupied dwellings from Lawrence County were offered to the Deadwood City Commission at a recent meeting. An amendment clarifying that properties within a tax increment finance district would not be eligible for the incentive program.
The incentive program is geared to boost economic development in Deadwood by encouraging new families to move into the city. Currently, the city has fifteen vacant houses. The Deadwood City Commission will continue to discuss the tax incentive program further at its November 6.