Nevada governor orders extra session for $1.3B deal to land Tesla electric car battery plant

Markets Associated Press

A banner welcoming Tesla to Nevada is hung on the US Bank building just south of the downtown Reno casino district on Tuesday, Sept. 9, 2014, in Renvo, Nev. State lawmakers planned to meet in a special legislative session in Carson City on Wednesday ... to consider a package of tax breaks and incentives worth up to $1.3 billion to seal a deal to bring the electric car maker's $5 billion lithium battery "gigafactory'' to an industrial park in the state. (AP Photo/Scott Sonner) (The Associated Press)

Gov. Brian Sandoval has ordered the Nevada Legislature into a special session to consider $1.3 billion in tax breaks and other incentives for electric car-maker Tesla Motors.

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Sandoval is urging lawmakers to seize on an "extraordinary opportunity" to seal the deal for Tesla's $5 billion battery factory and the tens of thousands of jobs he says will further recovery from the worst economic crisis in state history.

Legislators in the Democrat-controlled Senate and Assembly planned to begin work Wednesday after the Republican governor signed a formal proclamation late Tuesday.

The deal would forgive most sales, use and property taxes for at least a decade so Tesla will build in an industrial park east Sparks that Tesla CEO Elon Musk says is the best fit for his new "gigafactory."