Apple Would Get Texas Tax Breaks With 70 Percent of Promised Jobs

A tax incentive package potentially worth tens of million of dollars that enticed Apple Inc. to build a $1 billion campus in Austin, Texas, has an extra sweetener.

Apple can create less than three-fourths of the initial 4,000 jobs it has pledged and still be eligible for incentives, according to a copy of the agreement obtained by Bloomberg Tax. That package includes a $25 million state grant and a 15-year-long, 65 percent property tax cut.

Apple has a target of creating an average of 600 jobs every two years to qualify for the property tax abatement, according to the economic ...