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By Sean Whaley | Nevada News Bureau
CARSON CITY — No one weighed in on $89 million in tax breaks being offered to Apple.
The hearing on proposed sales and personal property tax abatements were part of a deal to bring Apple to Northern Nevada. The company plans to build a data center and related facilities in the Reno area that are expected to bring $1 billion in investment over the next decade.
Monday’s hearing, conducted by Steve Hill, director of the Governor’s Office of Economic Development, was continued to Wednesday when the Economic Development Board, including Gov. Brian Sandoval, will consider the tax breaks in a special meeting.
But Hill said he will make the ultimate decision to grant the incentives to Apple according to the provisions of the law that created the new agency.
Some questions have been raised about whether the tax breaks offered to Apple will be a good investment over the long term.
Read the complete story at the Nevada News Bureau.
