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Friday, Feb. 10, 2023

Is Nevada barred from disclosing details about Tesla’s request for tax breaks until three days before the vote?

Austin Tannenbaum, The Nevada Independent
yes

Nevada signed a non-disclosure agreement that prevents the governor’s economic development office from releasing Tesla's tax-abatement request for its Gigafactory expansion until Feb. 27 — three days before it’s voted on by the office.

The office’s communications director Greg Bortolin said NDAs help Nevada compete with other states vying for companies’ business.

In 2014, Tesla received a $1.25 billion tax break after investing $3.5 billion to build an electric vehicle battery manufacturing plant in Storey County.

In January, Tesla announced an additional $3.6 billion investment in the plant, adding 3,000 employees and two factories.

To receive tax abatements in Nevada, companies must set a minimum wage of at least $23 per hour and provide health insurance. Companies are audited annually for compliance.

Bortolin said approved companies typically receive a 10-year waiver of their payroll, personal and real property taxes and a 20-year decrease of their sales tax to 4.85%.

See a full discussion of this at The Nevada Independent

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The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.

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