INCENTIVE DESCRIPTION

State:	CA
Incentive Type:	Special Purpose Zone Incentives and Credits
Incentive Title:	Other Tax Incentives/Credits
Description:	LOCAL AGENCY MILITARY BASE RECOVERY AREA (LAMBRA): Economic development program to attract investment and employment to former military bases in the state of California. LAMBRA incentives are very similar to the Enterprise Zone incentives. Incentives include 100% Net Operating Loss carry forward for 15 years, up to $31,544 in employment incentives per employee, sales tax credits on machinery and equipment and the up front expensing of depreciable property. Unused credits may be carried forward.
Eligibility Requirements:	Businesses located on the closed portion of the military base are eligible to receive the tax incentives. There are eight LAMBRA areas in the state of California.
Geographic Restrictions:	Closed portions of military bases in California
Granting Authority:	Dept. of Housing and Community Development

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.