SALT Report 3477 – On September 11, 2014 Governor Brian Sandoval signed legislation that will provide up to $1.3 billion dollars in tax credits and incentives, bringing Tesla Motors’ $5 billion dollar “gigafactory” to the state of Nevada.
Some of the tax credits and incentives include:
- No property taxes for up to ten years.
- No payroll taxes for up to ten years.
- No local sales or use taxes for up to 20 years.
- An additional $195 million in tax credits.
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