Post by
INSTATrade on Sep 12, 2014 9:27am
Tesla's HUGE Tax Break Package is Official!
By Sandra Chereb
CARSON CITY, Nevada, Sept 11 (Reuters) - Nevada Governor Brian Sandoval signed a package of bills on Thursday to provide $1.3 billion in tax breaks and other incentives for Tesla Motors , putting a bow on the deal for the electric car company to build a massive factory in the state.
Sandoval said the agreement has "changed the trajectory of our state forever" during the signing ceremony late on Thursday, shortly after the four bills were unanimously passed by both legislative chambers.
"Nevada has announced to the world - not to the country, but to the world - that we are ready to lead," Sandoval said, to applause.