Taxes

Amazon's East Coast takeover

A pic collage of Crystal City, Virginia and Long Island City for Amazon HQ2
Amazon chose Crystal City (left) and Long Island City in New York (right). Photos: Getty Images.

Amazon will split its HQ2 between Virginia’s National Landing and New York’s Long Island City, with construction starting as soon as 2019 for new offices to house the 25,000 high-paid tech jobs each city will get. Nashville was also chosen for a new operations center and slated to receive 5,000 jobs.

Why it matters: Dozens of cities vied for the promise of new jobs, economic stimulus and the cachet of "tech hub." For the winners, the new Amazon headquarters came at a price: New York is giving Amazon $1.5 billion in tax credits and other incentives; Arlington is offering $573 million; and Nashville $102 million per the Washington Post.

Tesla and GM push new EV tax credit

Several automakers are joining with electric vehicle charging companies and others in a new coalition urging Congress to expand availability of $7,500 consumer tax credits for buying EVs.

Why it matters: Rollout of the EV Drive Coalition comes as Tesla, GM and Nissan — who are all members — have hit or are approaching the cap of 200,000 vehicles per manufacturer before the credit drops in value and then phases out.

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