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Economy and Taxes Publications

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Handout

An Overview of the State Small Business Credit Initiative

March 29, 2022 - Presented to the Assembly Budget Subcommittee No. 4 on State Administration and the Assembly Committee on Jobs, Economic Development, and the Economy.

Handout

The Department of Tax and Fee Administration, the State Board of Equalization, and the Office of Tax Appeals

March 22, 2022 - Assembly Budget Subcommittee #4 on State Administration

Handout

California’s Cannabis Taxes

March 1, 2022 - Presented to: Assembly Budget Subcommittee No. 4 On State Administration

Handout

California’s Cannabis Taxes

February 22, 2022 - Presented to: Senate Budget and Fiscal Review Subcommittee #4 on State Administration and General Government

Report

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

February 15, 2022 - This brief provides our initial assessment and recommendations in response to the Governor’s supply chain and port infrastructure package.

Post

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

February 11, 2022 - This post provides some background about the Governor’s Office of Business and Economic Development (GO-Biz), describes the Governor’s budget proposal for GO-Biz, and offers comments and issues for the Legislature to consider.

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The 2022-23 Budget: Fuel Tax Rates

February 11, 2022 - In this post, we analyze the Governor’s proposed one-year fuel tax holiday. This proposal presents the Legislature with a tradeoff between reducing fuel expenses and funding state highway projects.

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The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

January 26, 2022 - This 2022-23 budget post provides background on federal COVID-19 business assistance programs and describes the Governor’s proposal to modify state tax laws as they relate to some of these grant programs. This post also provides some comments to the Legislature on the Governor’s proposal.

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The 2022-23 Budget: Temporary Limits on Business Tax Provisions

January 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.

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Biannual Report on Truck Deliveries

December 1, 2021 - Chapter 226 of 2019 (AB 321, Patterson) created a sales and use tax exemption for certain truck deliveries. The law also directs our office to submit a biannual report measuring the number of truck deliveries affected by the new exemption. This post describes our attempts to fulfill this requirement.

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Annual Report on Tax Exemptions for Medicinal Cannabis

July 1, 2021 - Chapter 837 of 2019 (SB 34, Wiener) established new tax exemptions for donations of medicinal cannabis. The law directs our office to submit an annual report containing data on three outcomes related to the exemptions: the number of medicinal cannabis patients served, the amount of medicinal cannabis products donated, and the amount of tax revenue lost. This report fulfills that statutory requirement for 2020.

Handout

The 2021-22 May Revision—Overview and Analysis of Workforce Development Proposals

May 18, 2021 - This handout lists the Governor's workforce proposals, provides a high-level assessment of those proposals, and offers guidance were the Legislature to want to increase spending in this area.

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Tax Credit Expansions in the American Rescue Plan

April 13, 2021 - The federal American Rescue Plan (ARP) that passed on March 11 expanded a number of federal income tax credits. This piece will briefly describe the changes to three credits that apply to many lower-income and middle-income filers: the Earned Income Tax Credit (EITC), the Child Tax Credit (CTC), and the Child and Dependent Care Expenses Credit (“child care credit”). We also discuss changes to the dependent care exclusion which is linked to the child care credit.

Report

Evaluating State Economic Stimulus Proposals

February 1, 2021 - In this report, we offer the Legislature guidance on how to evaluate fiscal stimulus proposals. We pose six key questions to ask when assessing specific proposals and provide specific elements that can be incorporated into proposals to increase their potential effectiveness.

Report

The 2021-22 Budget: Business Tax Incentives

January 28, 2021 - The Governor’s budget proposes several changes to taxation to support businesses. Two key factors for evaluating these proposals are: (1) which level of government would forgo revenue; and (2) which businesses would receive assistance. Based on these criteria and others, we recommend that the Legislature prioritize expansion of the Main Street credit, explore alternative structures for an elective S Corporation tax, and reject the proposed one-time expansions of the CAEATFA exclusion and California Competes.

Economy and Taxes Staff

Chas Alamo
(916) 319-8357
Personal Income Tax, Employment, and Labor Law
 
Ross Brown
(916) 319-8345
Property Taxes, Bonds, and the Economy
 
Ann Hollingshead
(916) 319-8305
State Budget and Federal Funding
 
Nick Schroeder
(916) 319-8314
Public Employment, CalPERS, Elections, Veterans Affairs
 
Brian Uhler
(916) 319-8328
Deputy Legislative Analyst: Economy, Taxes, and Labor
 
Seth Kerstein
(916) 319-8365
Sales and Excise Taxes and Demographics