Sep 12, 2014 1:35 AM
Nevada governor enacts Tesla tax break package
The Associated Press
CARSON CITY, Nev. (AP) Nevada's governor has signed into law an unprecedented package of incentives to bring Tesla Motors' $5 billion battery factory to the state.
Gov. Brian Sandoval put his signature to the measure shortly after the state Legislature approved the package late Thursday night.
The package of tax credits and other incentives is worth up to $1.3 billion.
The Senate passed the bill with the largest tax abatements to the Assembly on a 21-0 vote. Final passage followed in the Assembly, which sent it to the governor on a vote of 39-0.
The electric car maker's "gigafactory" east of Sparks is expected to produce up to 22,000 jobs and inject up to $100 billion in Nevada's economy over the next 20 years.