Global Trade Alert

In 2009 state and local governments in North Carolina provided a $320.7 million incentives package to Apple for the establishment of a data center/server farm. Local governments granted the company a 50 percent real property tax abatement and an 85 percent personal property tax abatement, together worth about $20.7 million over 10 years. The state modified its formula for calculating Apple's income tax liability using the single sales factor approach, saving the company $3 million per year starting in FY 2011-2012 and $12.5 million per year starting in 2018-2019. It would total about $300 million if Apple stays in North Carolina for 30 years.