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North Carolina Senate approves Apple tax handout

updated 11:30 am EDT, Tue June 2, 2009

NC approves Apple handout

The General Assembly of North Carolina has approved a new tax bill specifically geared towards attracting an Apple server farm, the Associated Press writes. The bill was approved by the state Senate on Monday night with a 40-to-8 vote, leaving only a signature from Gov. Beverly Perdue in the way of transformation into law. The final debate is reported to have lasted less than a minute, with Republican Senator Tom Apodaca noting that the state has been focusing too heavily on attracting large corporations, at the expense of small businesses.

The view was challenged by another Republican, Sen. David Hoyle, who argued that businesses around the server farm will benefit from the need to provide supplementary services. Provisions of the bill specify that the farm must be built out in a rural area, and generate $1 billion in investments over nine years in order to qualify for approximately $46 million in tax breaks, distributed over 10 years. If built, the farm should also generate hundreds of temporary construction jobs, to be followed by somewhat under 100 full-time positions in the complex.

Legislators have been careful to avoid naming a specific company in debating the tax bill, but it is widely acknowledged that politicians are favoring Apple, which has been hunting for an east-coast server site. The company has however declined to comment on matters in North Carolina, which means it is still unknown if any location in the state will be chosen.

 
Previous Comments

handout?

06/02, 01:00pm reply

It isn't a handout, as they aren't getting money. They're getting tax breaks, which means they get to give less money to the state.

testudo

Fresh-Faced Recruit

Joined: Aug 2001

+3

I live a county away....

06/02, 01:33pm reply

can I commute? I can milk a server, or pluck 'em like nobody's business!

Hillbilly Geek

Fresh-Faced Recruit

Joined: Aug 2006

+2

seriously, tho

06/02, 01:38pm reply

i agree with testudo: calling a tax break a handout betrays a certain pro-gummint or anti-free-enterprise bias in our headline writer, anyway.

Hillbilly Geek

Fresh-Faced Recruit

Joined: Aug 2006

+1

headline

06/02, 03:02pm reply

Well, I read the previous article on this after this one, and apparently the authors/editors have a heavy conservative bent against this issue. Or is it a liberal bent? Can't be sure. Probably more Whigish.

testudo

Fresh-Faced Recruit

Joined: Aug 2001

+1

Just like Dell

06/02, 03:05pm reply

Yeah, Just like they did here in Winston Salem with Dell 3 years ago. W/S gave them MILLIONS in tax breaks (that I'm paying for) and now Dell is leaving, leaving us high and dry.
The funny thing is Winston Salem doesn't really even benefit from Dell's 3rd world sweat shop. The neighboring towns sure do though!
Apple will do the same thing here. I wonder which county will get left holding the bag.
What else would you expect though from a "Blue" town.
Dell got them some SUCKAS!

osxpro

Fresh-Faced Recruit

Joined: Oct 2007

-2

Blue?

06/02, 03:31pm (1 reply) reply

NC has been a Red state for most of the the 20 years I have lived here and has bent over backwards to give anything and everything to developers at the expense of the tax paying citizens, so your Blue comment is moronic!

moofpup

Fresh-Faced Recruit

Joined: Dec 2007

+2

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