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FACT BRIEF

Is Nevada Gov. Joe Lombardo giving Tesla $330 million in taxpayer money?

By Todd Butterworth
View this fact brief on The Nevada Independent
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NO

Tesla has been approved for $330 million in tax abatements (tax breaks) in return for investing an additional $3.6 billion into the company’s Nevada operations. Abatements are reductions in taxes owed, so Tesla will not receive any state dollars.

The Nevada Legislature created the tax abatement process for new or growing businesses in 1999. The law requires the Board of Economic Development to approve abatements if a company meets certain conditions, such as average wages, number of jobs created or clearing a threshold of capital investment. The governor is one of the board’s nine voting members and its chair.

Tesla plans to build 4 million square feet of space for battery and semi-truck production and to create 3,000 jobs at an average hourly rate of $33.49.

See a full discussion of this at The Nevada Independent
This fact brief is responsive to conversations such as this one.
Sources
Nevada Governor's Office of Economic Development GOED Board Approves Tesla Abatement
Nevada Legislature Partial abatement of certain taxes imposed on new or expanded businesses
Nevada Legislature Board of Economic Development
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The Nevada Independent
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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Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.