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.

For Further Information:

NV Gov Press Release

NV AB 1

NV AB 2

NV AB 3

NV SB 1