Wednesday, Sept. 10, 2014 | 7:55 a.m.
Brian Sandoval
CARSON CITY — Shortly before midnight Tuesday, Gov. Brian Sandoval issued the official proclamation calling a special session of the Legislature for today to give $1.2 billion in tax benefits to Tesla Motors Inc. to locate in Nevada.
The proclamation was made public at 11:21 p.m. Tuesday setting the session to begin at noon today.
The proclamation does not mention Tesla by name, but asks lawmakers to consider approving tax credits and abatements to companies that “agree to make a certain amount of new capital investments in this state.”
A one-day session will cost an estimated $60,000 for the first day and $25,000 for each additional day.
The proclamation says lawmakers will not consider any other measures.
Sandoval said Nevada is continuing to recover from its financial crisis, but it “must expand its economic opportunities and provide greater diversification in its workforce.”
Tesla has said it will build a $5 billion battery manufacturing plant about 17 miles east of Reno in Storey County that will employ 6,000 workers. It has estimated that 3,000 construction jobs will be created.
The proclamation says any tax incentives must be paid back if the company does not meet its requirements. Previously, the agreement was that Tesla must invest at least $3.5 billion or return the credits and abatements.
Join the Discussion:
Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.
Full comments policy