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Reno OKs tax breaks for Apple project

By Washington Examiner
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RENO, Nev. (AP) — The Reno City Council has unanimously approved tax breaks to coax Apple Inc. to open two facilities in northern Nevada as part of a $1 billion investment over 10 years.

Reno officials agreed to the city’s portion of a deal that includes $89 million in county, city and state tax abatements. Analysts say that’s a 79 percent reduction in Apple’s tax burden.

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