State Board Endorses Tax Breaks For Apple
(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.