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

SOURCE



https://www.leg.state.nv.us/Session/29th2015Special/Bills/SB/SB1_EN.pdf and http://www.bna.com/nevada-legislators-pass-n57982065477/.


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

 
491

AFFECTED PRODUCTS

 
870310 870321 870322 870323 870324 870331 870332 870333 870390