Finance Committee to vote on Foxconn Tuesday

NOW: Finance Committee to vote on Foxconn Tuesday

The Joint Committee on Finance will meet Tuesday afternoon to vote on the Foxconn incentives legislation.

The proposal provides nearly $3 billion dollars in tax breaks to the tech company, in exchange for a $10 billion investment in the state and the creation of up to 13,000 jobs.

The committee held a public hearing on the bill last month. Senate republicans say they see few issues with the legislation, and it's unclear if they will propose any changes to the bill.

Democrats are more critical of the plan and want tougher environmental protections. They also want clawbacks in place in case the company doesn't create as many jobs as its pledged. 

Tuesday's vote in committee would clear the way for the full Senate to vote on the deal. Senator Alberta Darling (R-River Hills) said she expects the Senate vote to happen next week.

The Assembly already passed the legislation.

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