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State Board Endorses Tax Breaks For Apple

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(photo: Paolo Bruno/Getty Images)

(photo: Paolo Bruno/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Reno, NV)  —  The Nevada Board of Economic Development has endorsed what may be the largest tax abatement deal in state history.

Apple will receive $89 million in reduced sales and property taxes over the next ten years, for building a data center in Reno.  It was the first use of a new state law, allowing the director of the Governor’s Office of Economic Development to negotiate a contract without approval from the board.

Governor Brian Sandoval hopes the deal will be a “catalyst” for other firms considering a move to Nevada.

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