Nevada to consider tax breaks for Faraday Future

Governor Sandoval calls special legislative session to approve incentives for Chinese –backed carmaker

December 16, 2015   by ASSOCIATED PRESS

LAS VEGAS — Gov. Brian Sandoval has called lawmakers into a special legislative session to approve tax breaks and incentives for electric carmaker Faraday Future.

The governor wants the Legislature to approve a new category of tax abatements that would authorize $215 million in incentives for the Chinese-backed automaker, which announced last week that it wants to bring a $1 billion plant to North Las Vegas.

He’s also asking them to update 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.

Faraday plans to employ 4,500 people at the plant.


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