Unique Tax Incentives at McClellan Park 

LAMBRA, an acronym for "Local Agency Military Base Recovery Area,"  offers unique business incentives for McClellan Park Tenants. The program offers incentives such as state tax credits, business expense deductions and operating loss carryovers. 

State Tax Credits and Benefits Available to Qualified Companies:

• Up to 100 percent Net Operation Loss carry-forward for up to 15 years.
• Firms can earn $29,000+ or more in state tax credits for each qualified employee hired over a 5 year period.
• Corporations can earn sales tax credits on purchases of $20 million per year of qualified machinery and parts.
• Up-front expensing of certain depreciable property up to $40,000.
• Unused tax credits can be applied to future tax years, stretching out the benefits of the initial investment.

Many LAMBRA communities may offer several of the following local incentives (check with your local LAMBRA zone for specifics):

• Reductions or elimination of local permit and construction-related fees.
• Expeditious processing of plans and permits.
• Reduced utility rates.
• Low interest-revolving loans.