United States of America/State of California: $11 million annual tax credit to Lockheed Martin for the production of aircraft

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Description

On October 24, 2018 GO-Biz awarded a California Competes Tax Credit of $39,500,000 over the 2018-2022 tax years (beginning with $11,000,000 each year in 2018 and 2019) to Lockheed Martin Corporation’s...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2018

Revocation date

31 Dec 2019

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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