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Dean Heller: Margins tax would undermine Tesla bid

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Dean Heller: Margins tax would undermine Tesla bid

CREATED Aug 11, 2014

SPARKS, Nev. (AP) -- Sen. Dean Heller says he fears approval of a 2 percent margins tax on corporations to fund education would undermine efforts to persuade Tesla Motors to build a $5 billion battery plant east of Sparks.

Heller met in Sparks Monday with Granite Construction officials who helped prepare the dirt pad at an industrial park Nevada. He told reporters afterward Nevada is well positioned in the race as the only known place where the electric car company has done grading work in preparation for building its "gigafactory."

The Nevada Republican refused to say whether he thinks Gov. Brian Sandoval should call a special legislative session to put together an incentive package that could compete with the likes of California and Texas. But he says the margins tax on the November ballot that is backed by teachers' union and others would eliminate one of Nevada's big advantages by giving it a corporate income tax higher than California's.