Subsidy Tracker Individual Entry
The value of the subsidy package and the job data were taken from Marc Lifsher, "California grants $420-million tax break to Lockheed Martin Corp.," Los Angeles Times, July 3, 2014 available at: http://www.latimes.com/business/la-fi-bomber-tax-break-20140704-story.html and Laura Mahoney, "California Legislature OKs Bill to Give Aerospace Firm $420 Million Tax Credit," Bloomberg BNA, July 03, 2014.
In July 2014, California passed a tax credit bill (AB 2389) aimed specifically at Lockheed Martin Corp., a key subcontractor for Boeing on a bid to build next-generation bombers for the U.S. Air Force. The tax credit, equal to 17.5 percent of wages paid to the company's workers, was designed to save Lockheed Martin about $420 million over 15 years. Overlaps with main Subsidy Tracker data: none.