IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 03 Jun 2009 | Removal date: open ended
Still in force

Tax or social insurance relief

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. 

AFFECTED COUNTRIES

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