Corporate Welfare

Nevada Lures Apple With Tax Breaks

The state Board of Economic Development signed off on an $89 million package

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CARSON CITY – The state Board of Economic Development today unanimously signed off on a package of tax breaks to bring Apple to Reno, but the panel found it had little authority over the deal reached after several months of closed-door negotiations.

The board, chaired by Gov. Brian Sandoval, unanimously recommended that Steve Hill, executive director of the Nevada Governor's Office of Economic Development, enter into the contract with Apple that will provide an estimated $89 million in tax breaks to the company over the next decade.