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Nevada Lawmakers Approve Tax Incentives To Bring $5 Billion Tesla Battery Factory To State

Thursday, September 11, 2014 | Sacramento, CA | Permalink
Cathleen Allison / AP

Nevada Senators Joe Hardy, R-Boulder City, and Barbara Cegavske, R-Las Vegas, react to their final vote during the second day of a special session at the Nevada Legislature, in Carson City, on Thursday, Sept. 11, 2014.

Cathleen Allison / AP

(AP) — The Nevada Legislature has approved an unprecedented package of incentives to bring Tesla Motors' $5 billion battery factory to the state.

Aides to Republican Gov. Brian Sandoval say he's expected to sign the package of tax credits and other incentives worth up to $1.3 billion late Thursday.

0911-tesla-gigafactory-r

The Senate passed the bill with the largest tax abatements to the Assembly on a 21-0 vote. Final passage followed in the Assembly, which sent it to the governor on a vote of 39-0.

The electric car maker's "gigafactory" east of Sparks is expected to produce up to 22,000 jobs and inject up to $100 billion in Nevada's economy over the next 20 years.

Sparks Assemblyman Ira Hansen says it's the biggest thing to hit Nevada since the building of the Hoover Dam during the Great Depression.

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  • Rich Pedroncelli / AP

    Tesla Opens Gigafactory To Expand Battery Production, Sales

    Tuesday, July 26, 2016
    (AP) — It's Tesla Motors' biggest bet yet: A massive, $5 billion factory in the Nevada desert that could almost double the world's production of lithium-ion batteries by 2018.
  • Paul Sakuma / File / AP

    Tesla Purchases 2,000 More Acres For Northern Nevada Factory

    Friday, July 17, 2015
    (AP) - Tesla Motors is snapping up more land in northern Nevada as it continues to build its $5 billion gigafactory.
  • Paul Sakuma / File / AP

    Tesla Factory Boosts Nevada Population Forecast

    Thursday, October 9, 2014
    (AP) - Nevada's demographer projects the state will have nearly 35,000 more residents in the year 2032 than it would have if it hadn't landed the Tesla Motors battery factory and another major business.
  • Ky Plaskon / Capital Public Radio

    Nevada Legislature Working Through Incentive Bills To Benefit Tesla Factory Proposal

    Thursday, September 11, 2014
    The Nevada Assembly has passed the first of four bills being considered to benefit Tesla Motor Company as it proposes to build a battery factory east of Reno.
  • Ky Plaskon / Capital Public Radio

    Nevada Legislature Considers Tesla Incentives In Special Session

    Wednesday, September 10, 2014
    The Nevada Legislature is in special session to consider a package of tax credits and incentives intended to entice Tesla motor company to build a $5 billion battery factory east of Reno. UPDATED: 11 p.m.
  • nvidia.corporation / Flickr

    Nevada, Tesla Reach Agreement On Tax Breaks For A Battery Plant Near Reno

    Friday, September 5, 2014
    Nevada and carmaker Tesla Motors have reached a deal for tax incentives that would bring a battery plant to the state. Meanwhile, an economist explains why Nevada was chosen over California.
  • nvidia.corporation / Flickr

    Nevada Offers Tesla Up To $1.3B For Battery Plant

    Thursday, September 4, 2014
    Nevada Gov. Brian Sandoval is asking state legislators to approve tax breaks and other incentives worth up to $1.3 billion over 20 years to bring Tesla Motors' battery factory to the state.

 nevadaTeslaincentivespecial session

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