Senate Bill 575, Modify Corporate Apportionment Formula a.k.a. Corporate Welfare for Apple was back in the Senate today for a vote on the bill as changed in the House. Changes from the original Senate version include a requirement that the Dept of Commerce certify that the company will make a $1 Billion investment, added a wage standard and requirement that health insurance be provided and that the facility would have to be in a Tier 1 or 2 county.
With no debate the bill passes 42 – 6. Because it is a bill that appropriates state funds, the final vote has to be held on a separate day. Final vote will be Monday night and then will go to the governor for her signature. Bill sponsor, Sen. David Hoyle (D Gaston) commented that the Dept of Commerce was anxious to get it passed. Not nearly as anxious as Apple, I’m sure.
