California Local Agency Military Base Recovery Area Deduction and Credit Summary

Local Agency Military Base Recovery Area Deduction and Credit Summary
2023 FTB 3807 Local Agency Military Base Recovery Area Business Booklet
TAXABLE YEAR

2023

Local Agency Military Base Recovery
Area Deduction and Credit Summary

CALIFORNIA FORM

3807

Attach to your California tax return.
Name(s) as shown on your California tax return

 SSN or ITIN    CA Corporation no.   FEIN
California Secretary of State (SOS) file number

A.	 Check the appropriate box for your entity type:
 Individual   Estate      Trust   C corporation    S corporation    Partnership
 Exempt organization      
 Limited liability company         Limited liability partnership
B.	 Enter the name of the Local Agency Military Base Recovery Area (LAMBRA) business:	
C.	 Enter the address (actual location) where the LAMBRA business is conducted:
	
D.	 Enter the name of the LAMBRA in which the business and/or investment activity is located.
	
E.	 Enter the six-digit Principal Business Activity Code of the LAMBRA business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 E	 	
F.	 Total number of employees in the LAMBRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 F	 	
G.	 Gross annual receipts of the business  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 G	 	
H.	 Total asset value of the business  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 H	 	
Part I  Credit Carryover (Complete Schedule Z on Side 2 before you complete this part.)
1	 Hiring and sales or use tax credit carryover claimed on the current year tax return:
	 a	 Hiring credit carryover from Schedule Z, line 8A, column (f) or line 10, column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	1a	 	
	b	 Sales or use tax credit carryover from Schedule Z, line 9A, column (f) or line 11, column (c) . . . . . . . . . . . . . . . . . . . . .  	1b	 	
	c	Add line 1a and line 1b  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	1c	 	
Part II  Portion of Business Attributable to the Former LAMBRA. See instructions.
2	 Enter the average apportionment percentage of your business that is in the former LAMBRA from Worksheet I, Section A,
line 4. If your operation is wholly within the former LAMBRA, the average apportionment percentage is 100% (1.00). . . . . . . 2	 	
Part III  Net Operating Loss (NOL) Carryover and Deduction. See instructions.
3	a	 Enter the total LAMBRA NOL carryover from prior years from Worksheet II, line 9, column (b) . . . . . . . . . . . . . . . . . . . .  	3a	 	
	b	 Enter the total LAMBRA NOL deduction used in the current year from Worksheet II, line 9, column (c).
Enter this amount on Schedule CA (540), Part I, Section B, line 9b3, column B; Schedule CA (540NR), Part II, Section B,
line 9b3, column B; Form 100, line 20; Form 100W, line 20; Form 100S, line 18; or Form 109, line 6 . . . . . . . . . . . . . . .  	3b	 	
	c	 Enter the LAMBRA NOL carryover to future years from Worksheet II, line 9, column (e) . . . . . . . . . . . . . . . . . . . . . . . . .  	3c	 	

For Privacy Notice, get FTB 1131 EN-SP.

7561233

FTB 3807  2023  Side 1

Schedule Z  Computation of Credit Carryover Limitations – LAMBRA
Part I  Computation of Credit Limitations. See instructions.
  1	 Trade or business income. Individuals: Enter the amount from Worksheet I, Section B, line 14, column (c)
on this line and on line 3 (skip line 2). See instructions. Corporations which file a combined report,
enter the taxpayer’s business income apportioned to California (see instructions for form FTB 3807, Part II)  . . . . . . 	 	 1		
 2	 Corporations: Enter the average apportionment percentage from Worksheet I, Section A, line 4. See instructions  . . 	 	 2		
 3	 Multiply line 1 by line 2  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 	 3		
 4	 Enter the LAMBRA NOL deduction from Worksheet II, line 9, column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 	 4		
 5	 LAMBRA taxable income. Subtract line 4 from line 3  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 		 5		
 6	 a	 Compute the amount of tax due using the amount on line 5. See instructions . . . . 	 	 6a		
	
 	 b	 Enter the amount of tax from Form 540, line 35; Form 540NR, line 42;
Form 541, line 21; Form 100, line 23; Form 100W, line 23; Form 100S, line 21;
or Form 109, line 10. Corporations, combined groups, and
S corporations, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 	 6b			
 7	 Enter the smaller of line 6a or line 6b. This is the limitation based on LAMBRA business income.
Go to Part II, Part III, or Part IV. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 	 7		
Part II  Limitation of Credits for Corporations, Individuals, Estates, and Trusts. See instructions.
(a)
Credit
name

8  Hiring credit
  carryover
9  Sales or use
  tax credit
  carryover

(b)
Total
prior year
carryover

(c)
Total credit
assigned from
form FTB 3544,
Part A, col. (g)

(d)
Total credit
col. (b) minus col. (c)

(e)
(f)
Limitation
Credit carryover
based on
used on Sch. P
LAMBRA business
can never be
income
greater than col. (d)
or col. (e)

(g)
Total credit
carryover
col. (d) minus
col. (e)

A
B
A
B

Part III  Limitation of Credits for S Corporations Only. See instructions.
(a)
Credit
name

(b)
Total prior
year carryover

(c)
Credit carryover used
this year by
S corporation

(d)
Carryover
col. (b) minus
col. (c)

10  Hiring credit carryover
11  Sales or use
   tax credit carryover
Part IV  Limitation of Credits for Corporations and S Corporations Subject to Paying Only the Minimum Franchise Tax. See instructions.
(a)
Credit
name

(b)
Total prior
year carryover

(c)
Total credit assigned
from form FTB 3544,
Part A, col. (g)

12  Hiring credit carryover
13  Sales or use
   tax credit carryover
See How to Claim the Credit Carryover, in the instructions.

Side 2  FTB 3807  2023

7562233

(d)
Total credit carryover
col. (b) minus col. (c)