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Tesla tax break for building battery factory buried in aerospace bill
Tesla tax break for building battery factory buried in aerospace bill

Gov. Jerry Brown has quietly approved a potential property tax break for electric car maker Tesla Motors Inc. in hopes of enticing the high-tech, Palo Alto company to build a giant battery factory in California. The potential savings is buried in newly passed legislation, AB 2389 by Assemblyman Steve Fox (D-Palmdale), that would provide Lockheed Martin Corp. with a financial incentive to manufacture new stealth bombers in the high-desert. On Thursday, the governor signed into law the controversial bill that offers the aerospace giant a $420-million tax credit over 15 years. The administration and state lawmakers plan to make a similar offer to the state's largest defense company,...

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