Sandoval calls special session for Faraday tax breaks

AP News
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Posted: Dec 16, 2015 12:37 AM

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

Sandoval scheduled the session to start at 5 p.m. Wednesday in Carson City. It's expected to wrap up within a few days.

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.