∞ North Carolina approves tax law change for Apple

There was little doubt that it would pass after last week’s House vote, but it’s now official–North Carolina will change the tax laws to lure Apple to the state.

According to a report in the Associated Press, the Senate voted 40-8 to approve the change. That should clear the way for Apple to open its server farm in the state, as long as it abides by the rules.

For instance, Apple would need to spend $1 billion over a ten year period and locate the server farm in one of the poorest counties in the state. Currently Catawba and Cleveland counties are possible contenders.

In exchange for its investment, North Carolina will offer Apple $46 million in tax breaks over the life of the deal. Apple has not commented on whether or not they will build a server farm in the state.

Google is among the other companies that have been offered lucrative tax breaks by the state to attract business in the past.