Sandoval calls special session for Faraday tax breaks

December 16, 2015 byMichelle Rindels

Gov. Brian Sandoval called Nevada lawmakers into a special legislative session starting Wednesday to approve tax breaks and incentives for electric carmaker Faraday Future, which wants to build a $1 billion plant in North Las Vegas.

The Republican governor issued a formal proclamation late Tuesday that scheduled a session for 5 p.m. Wednesday in Carson City. The incentive package is the only item up for discussion, in spite of lobbying to add more items to the agenda, and the session is expected to wrap up within a few days.

"The new Nevada economy requires growing and attracting businesses that bring innovative and new technologies, diversify our tax base, and provide job growth and new opportunities for development," Sandoval said in the decree, adding that "an extraordinary occasion exists that requires immediate action by the Nevada State Legislature."

The governor wants lawmakers to approve a new category of tax abatements that would authorize $215 million in incentives for the Chinese-backed automaker, which hopes to break ground on a 3 million square foot facility in North Las Vegas in January.

He's also asking them to tweak laws that allow financing for infrastructure projects. Nevada officials want to publicly finance $120 million in water, rail and road improvements at the Apex Industrial Park in North Las Vegas.

The Gardena, California-based company has offered few details about its product, but plans to unveil a concept car ahead of the Consumer Electronics Show in Las Vegas in January. It hopes to bring a vehicle to market as early as 2017. It plans to employ 4,500 people at its plant.

Faraday executive Dag Reckhorn said last week that the company plans to build an "advanced, connected electric vehicle that will redefine the automotive experience."

The venture is backed by Jia Yueting, an online video and gadget entrepreneur and founder and CEO of Beijing-based holding company LeTV. He styles himself after Apple's late Steve Jobs.

Explore further: Chinese-backed electric carmaker picks Nevada for $1B plant

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1 / 5 (2) Dec 19, 2015
They want to "broaden" their tax base by giving away tax breaks?

Isn't that like shortening your life now so you can live longer later?
3.7 / 5 (3) Dec 19, 2015
Growing and attracting businesses provide job growth and new opportunities for development.

Do you really not understand this? Construction of infrastructure = jobs. Jobs = Tax Base. Support businesses = Tax Base. The Nevada unemployment rate is still over 6%.
1 / 5 (2) Dec 19, 2015
Yeah, I "understand" that. But we have been playing that tax-giveaway game until we cannot support our cities and their services. Sometime, somehow, corporations and the really-rich will have to start paying their fair share of taxes.
3.7 / 5 (3) Dec 19, 2015
Which cities have given tax breaks to have a corporation build there and cannot support their services now? Are you taking into account recession and its effects on services? Or perhaps you live in an area (California) well known for its lavish Public payrolls and services.

What does this have to do with the really rich anyway? Nothing.

A list supported by links will do, please. If you are going to state something please provide references.
Uncle Ira
3.7 / 5 (3) Dec 19, 2015
A list supported by links will do, please.

Good luck with one podna. Even when he does post-up a link it usually does not support what he is trying to say.

If you are going to state something please provide references.

Now Estevan-Skippy, I really do think a lot of you. But you knock that foolishment off right now

You know he will use that as the opportunity to reference him self and his past lives of being the Senior Engineer in charge of, of, well he hasn't been the Senior Engineer of City Planning yet so maybe that's what he'll be this time.
3.7 / 5 (3) Dec 19, 2015
Musta had one too many eggnogs. Got caught noodling for Trolls.
Have a good night, Uncle Ira.

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