The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank [Publication Details]

Oct 5, 2020 - The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4271

The 2021-22 Budget: Funding for Debt Collector Licensing and Regulation

Feb 17, 2021 - For example, in implementing the S B   908 l icense application process, DFPI will need to assess whether applicants are of sound financial condition, have a reasonable business plan, and are likely to comply with state law.
https://lao.ca.gov/Publications/Report/4376

The 2020-21 Budget: Assessing the Governor's Reorganization Proposals

Feb 7, 2020 - For example, the Governor ’s proposal to place the Seismic Safety Commission under OES is based on the rationale that it would enhance the state ’s overall preparedness efforts by ensuring that the commission plays a greater role in the state ’s emergency planning process.
https://lao.ca.gov/Publications/Report/4146

The 2020-21 Budget: Reinventing the Department of Business Oversight

Feb 26, 2020 - What Should DFPI ’s Role Be Relative to Other State Regulatory Departments? The proposed language would authorize DFPI to take action against licensees of other state departments for UDAAP violations.
https://lao.ca.gov/Publications/Report/4181

The 2020-21 Budget: California Arts Council

Feb 7, 2020 - In July 2017, the Arts Council designated 14 areas across the state as cultural districts. Starting in 2017 ‑18, the Arts Council awarded each of these districts $5,000 stipends per year for two years as an incentive to participate in the pilot.
https://lao.ca.gov/Publications/Report/4148

Broad-Based Cash Assistance in COVID-19 Recovery Actions

Apr 3, 2020 - Another related program is the federal Earned Income Tax Credit (EITC), or its state-funded equivalent CalEITC , which provides refundable tax credits to low-income workers. State and Federal Government Also Ensure Some Wage Replacement in Specific Situations.
https://lao.ca.gov/Publications/Report/4214

Federal Assistance for Businesses Affected by COVID-19

Apr 3, 2020 - On April 30, 2020, the federal Internal Revenue Service (IRS) issued a regulation stating that PPP recipients cannot claim a deduction for expenses funded from forgiv en PPP loans. In September, the state conformed to these federal rules for the first round of PPP loans.
https://lao.ca.gov/Publications/Report/4215

The 2020-21 Budget: The Governor’s Cannabis‑Related Proposals

Feb 14, 2020 - As we described earlier, the state ’s current approach to cannabis taxes splits the responsibilities for collecting the original tax payment and remitting the tax to the state between multiple businesses.
https://lao.ca.gov/Publications/Report/4162

The 2020-21 Budget: California Arts Council [Publication Details]

Feb 7, 2020 - In addition, the state budget has recently included funds for the Arts Council to distribute to specific museums and other cultural institutions. The Governor’s budget proposes $49 million, mostly from the General Fund, for support of the Arts Council in 2020‑21.
https://lao.ca.gov/Publications/Detail/4148

Cannabis: Proposed Consolidation of Regulation and Identifying the Elements of the Illicit Market [Publication Details]

Feb 25, 2020 - Assembly Budget Subcommittee No. 4 on State Administration Assembly Business and Professions Committee
https://lao.ca.gov/Publications/Detail/4180