Lawmakers look to repeal $38M tax credits offered to Faraday Future

Local News

LAS VEGAS (KLAS) — At the end of 2015, the legislature rushed to Carson City to approve nearly $40 million in tax cuts so that the Chinese company Faraday Future would start building its electric cars in North Las Vegas. 

That project never materialized, because Faraday Future faced a cash crunch and had to abandon the idea. But those tax credits approved by the legislature are still on the books, and now lawmakers are looking to repeal them.

Politics Now Co-host Steve Sebelius has been looking into what’s next.
 

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