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Friday, November 15, 2024

Nevada local governments give Amazon $3 million in tax breaks

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Brett/Adobe Stock Photo

Brett/Adobe Stock Photo

Amazon received $3 million in subsidies, tax breaks, and grants from Nevada communities for five projects.

Advocacy group Good Jobs First, which opposes such subsidies, found Nevada provided the 36th-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

Nevada is ranked behind New Mexico (1 projects/$5 million) and Arizona (2 projects/$5 million) and ahead of Rhode Island (1 projects/$3 million), and Maine (11 projects/$578,828).

The most expensive subsidy provided in Nevada was by the North Las Vegas government, which offered $2 million to Amazon for a sales, business tax, and personal property tax abatements.

The second largest subsidy was worth $572,500 for sales and use tax abatements from the Reno local government. 

There were no developments which received undisclosed subsidy amounts.

Nevada is relatively centralized, with state programs handling incentives and tax breaks that would otherwise be handled by municipal and regional governments.

The state has never undertaken an audit to see if its tax abatements and subsidies are actually effective. It has provided billions in tax abatements for mega projects, including nearly $1.3 billion for Tesla. 

As of Nov. 17, 2022, Amazon had received 310 separate tax break deals from local and state governments across the U.S., totaling $5.14 billion. The state of Virginia was home to the largest portion of these taxpayer-subsidized Amazon projects. 

Amazon Tax Breaks Across the U.S.
State# ProjectsTotal Subsidy
Virginia20$824,291,799
Illinois16$732,973,199
New York22$671,446,986
Washington10$608,644,670
Oregon32$483,459,645
Texas13$305,959,751
Ohio14$172,418,555
Tennessee20$166,030,438
Kentucky21$111,789,976
Missouri2$110,600,000
Massachusetts5$86,979,275
California12$84,541,000
Michigan5$82,352,146
Maryland3$68,425,000
South Carolina5$64,297,962
Indiana15$60,389,500
Alabama2$56,500,000
Wisconsin6$54,135,500
Louisiana7$48,967,587
New Jersey3$45,422,240
Florida13$43,239,475
Connecticut3$37,700,000
North Carolina5$31,186,975
Pennsylvania4$29,557,871
Georgia5$27,115,929
Mississippi3$23,925,795
Iowa2$22,400,000
Kansas2$21,802,522
Colorado9$15,779,091
Oklahoma5$11,207,651
Utah3$9,780,226
Delaware2$7,972,500
Minnesota1$5,700,000
New Mexico1$5,244,071
Arizona2$5,139,671
Nevada5$3,251,324
Rhode Island1$2,700,000
Maine11$578,828

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