A watchdog group today criticized Nevada’s tax deal with Tesla Motors as one-sided in the car maker’s favor and called one provision “a scheme we have never seen before.”
Greg LeRoy has tracked corporate subsidies for years as the executive director of Good Jobs First and the author of the book “The Great American Jobs Scam.”
LeRoy pegged the total value of Tesla’s tax incentives at $1.287 billion, by far the largest in Nevada history and the 12th largest in U.S. history.
The Nevada Legislature approved the deal in four bills and Gov. Brian Sandoval signed them into law late last night.
In a statement today, LeRoy detailed three reasons why he thinks the tax deal is bad for Nevada. His statement is below with references to Senate Bill 1, the key bill that governs the deal. His statement has been edited for brevity and clarity.