toggle

AAPL Stock: 524.94 ( + 5.93 )

Printed from http://www.macnn.com

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.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. testudo

    Joined: Dec 1969

    +3

    handout?

    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.

  1. Hillbilly Geek

    Joined: Dec 1969

    +2

    I live a county away....

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

  1. Hillbilly Geek

    Joined: Dec 1969

    +1

    seriously, tho

    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.

  1. testudo

    Joined: Dec 1969

    +1

    headline

    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.

  1. osxpro

    Joined: Dec 1969

    -2

    Just like Dell

    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!

  1. moofpup

    Joined: Dec 1969

    +2

    Blue?

    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!

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Booqpad for iPad Air

Before we get rolling, I'll confess: I've never understood the purpose of cases like the Booqpad. If you've got a tablet, surely p ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

toggle

Most Commented