ANNOUNCEMENT 19 Dec 2015

In December 2015, a US state government announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 19 Dec 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

On December 18-19, 2015 the Nevada state legislature approved a bill (SB1) that provides inter alia for a tax incentive package that will bring electric vehicle startup Faraday Future and a $1 billion factory to North Las Vegas. The governor had called the legislature into special session to approve an economic package of tax abatements and tax credits. The Faraday deal included $175 million in tax abatements, plus $38 million in transferable tax credits.
 

AFFECTED SECTORS