ANNOUNCEMENT 19 Dec 2015In December 2015, a US state government announced a targeted tax change.
NUMBER OF INTERVENTIONS
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.