IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 11 Sep 2014 | Removal date: open ended
Still in force

Tax or social insurance relief

 In 2014 the state of Nevada provided subsidies to Tesla Motors Inc. for a motor vehicle assembly plant. Governor Brian Sandoval signed into law on September 11, 2014 a set of four bills that collectively provide a $1.3 billion incentives package for a planned 'Gigafactory' near Reno. Tesla will be exempt from property taxes for up to 10 years and from local sales taxes for up to 20 years, saving the company nearly $1 billion. Another $195 million in tax credits were also approved. The deal also allows electric car manufacturers to sell directly to consumers, bypassing the need for a dealership. The tax incentives are contingent upon Tesla investing $3.5 billion in the state in the next 10 years.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870310 Vehicles specially designed for travelling on snow; golf cars and similar vehicles
870321 Of a cylinder capacity not exceeding 1,000 cc
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870331 Of a cylinder capacity not exceeding 1,500 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc
870390 Other

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