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

MarketsAssociated 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.

Continue Reading Below

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."