The Nevada Assembly today continues a special session considering an unprecedented package of up to $1.3 billion in incentives to bring Tesla Motors' $5 billion battery factory to the state. State senators spent nearly 10 hours in negotiations behind closed doors before following the Assembly's lead and adjourning late Wednesday night. They planned to begin debate today on the biggest part of the incentive package for the electric-car maker: up to $1.1 billion to finance the abatement of Tesla's various property, sales and use taxes, in some cases for up to 20 years.
Republican Governor Brian Sandoval urged the Democrat-controlled Legislature to seize an "extraordinary opportunity" to land the "gigafactory" and more than 20,000 jobs he projects it would lead to over 20 years. Critics said lawmakers are gambling with taxpayers' money, but they were in the minority and conceded it would be difficult to block the legislation.
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