{"id":25631,"date":"2014-09-12T20:17:59","date_gmt":"2014-09-12T12:17:59","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=25631"},"modified":"2014-09-12T18:56:37","modified_gmt":"2014-09-12T10:56:37","slug":"nevada-senate-approves-biggest-chunk-of-teslas-1-3-billion-incentive-package","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/09\/12\/nevada-senate-approves-biggest-chunk-of-teslas-1-3-billion-incentive-package\/","title":{"rendered":"Nevada Senate approves biggest chunk of Tesla\u2019s $1.3 billion incentive package"},"content":{"rendered":"
\"Headquarters<\/a>
Headquarters of Tesla Motors Inc., located in Palo Alto, CA, USA. Photo by Tumbenhaur \/ Wikimedia Commons.<\/figcaption><\/figure>\n

CARSON CITY, Nev.\u2014The Nevada Senate unanimously approved the biggest chunk of an unprecedented package Thursday to give Tesla Motors up to $1.3 billion in tax credits and other incentives to bring the electric-car maker\u2019s $5 billion battery factory to the state, and the Assembly was preparing to do the same.<\/p>\n

On a 21-0 vote, senators passed to the Assembly a bill with up to $1.1 billion in tax abatements for Tesla\u2019s \u201cgigafactory.\u201d One lawmaker said it would be the biggest thing to hit Nevada since the building of the Hoover Dam during the Great Depression.<\/p>\n

California-based Tesla would pay no property taxes or payroll taxes for up to 10 years and no local sales or use taxes for up to 20 years under the bill that Assembly Speaker Marilyn Kirkpatrick, D-Las Vegas, said she expected would receive final approval and be sent to Republican Gov. Brian Sandoval for his signature Thursday night.<\/p>\n

\u201cIt\u2019s the heart and soul of the legislation that is going to get Tesla here,\u201d Sen. Mark Hutchison, R-Las Vegas, said immediately after the Senate vote at 5:58 p.m. \u201cEverybody knows how important this is for the state of Nevada.\u201d<\/p>\n

The Senate also approved and sent to the governor two smaller bills the Assembly passed earlier Thursday providing Tesla discounted electricity and ending a $25 million annual subsidy for insurance companies to help pay for Tesla\u2019s tax credits.<\/p>\n

The factory planned at an industrial park along Interstate 80 about 15 miles east of Sparks is expected to help create more than 20,000 jobs and inject up to $100 billion into the state\u2019s economy over the next 20 years.<\/p>\n

\u201cThis is arguably the biggest thing that has happened in Nevada since at least the Hoover Dam,\u201d said Assemblyman Ira Hansen, R-Sparks.<\/p>\n

Under the agreement, Tesla would have to spend $3.5 billion in the state within 10 years. It also mandates half the jobs go to Nevada residents, at both the factory expected to employ 6,000-plus and among the 3,000 projected construction jobs.<\/p>\n

\u201cThis really is the definition of the rising tide lifting all boats,\u201d said Steve Hill, director of the Governor\u2019s Office of Economic Development. \u201cIt wasn\u2019t that long ago we were suffering through one of the worst recessions in Nevada history with 14.5 per cent unemployment.\u201d<\/p>\n

Earlier Thursday, several Senate Democrats objected to Sandoval\u2019s plan to cut all but $10 million from an $80 million program the last Legislature approved providing tax credits to the motion picture industry. That $70 million combined with the $125 million from the home insurance office credit would offset a total of $195 million in Tesla tax credits.<\/p>\n

\u201cI think it sets a dangerous precedent when we passed the program in the Legislature and then in just seven months, we just wipe it out,\u201d said Sen. Pat Spearman, D-North Las Vegas. \u201cWhat if another shiny object comes along?\u201d<\/p>\n

But in the end, no one voted against the measure.<\/p>\n

A fourth and final bill still be considered\u2014and expected to pass\u2014would make clear it is legal for Tesla to sell the cars it manufactures at dealerships it owns in Nevada. That had been a sticking point in Texas, which along with California, Arizona and New Mexico had competed with Nevada for the plant.<\/p>\n

Some of the public comment before the votes questioned why such a big company needs such a big handout from taxpayers.<\/p>\n

\u201cI think it is kind of ironic that a renewable energy, a green energy car company we are courting to come to our state, that one of the things we are giving them is free energy,\u201d said Angie Sullivan, a Las Vegas schoolteacher.<\/p>\n

\u201cNobody pays my electric bill,\u201d she said. \u201cI think they are taking advantage of my state when we have limited funds.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

CARSON CITY, Nev.\u2014The Nevada Senate unanimously approved the biggest chunk of an unprecedented package Thursday to give Tesla Motors up …<\/p>\n","protected":false},"author":44,"featured_media":24941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-25631","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-scott-sonner","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=25631"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/24941"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=25631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=25631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=25631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}