Economics
Apple Gets $208 Million in Tax Breaks to Build Iowa Data Center
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Des Moines, Iowa (AP) -- Iowa approved a deal Thursday to give Apple $208 million in state and local tax breaks to build two data storage centers near Des Moines and to create at least 50 jobs — a pact that critics quickly panned.
The deal approved by the Iowa Economic Development Authority includes a refund of $19.6 million in state sale taxes for Apple Inc. and a $188 million break on property taxes from Waukee, a booming suburb bordering Des Moines.