Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - As the name suggests, above the line deductions are calculated above the line on the federal tax form that separates the section where AGI is determined from the section where taxable income and tax liability are determined.
https://lao.ca.gov/Publications/Report/3703

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing. While price-to-rent ratios for the state as a whole appear to be in line with historic norms, ce rtain housing markets in the San Francisco Bay Area appear to be a little overheated .
https://lao.ca.gov/Publications/Report/3829

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - The proposal also would modestly increase EITC benefits for an estimated 1. 2  m illion workers (about 60  p ercent of whom would have no dependents) who have relatively low income but are nonetheless above the poverty line.
https://lao.ca.gov/Publications/Report/3960

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Although below ‑the ‑line positions make up the large majority of workers in the motion picture industry, some studies have documented a relationship between the gender/race/ethnicity of executive positions (such as director/producer) and the downstream diversity of cast and crew for that production.
https://lao.ca.gov/Publications/Report/5036

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - California is also the only program in our comparison that does not allow any so called “above ‑the ‑line spending, ” such as wages for directors, writers, and actors, to count toward expenditures for credit purposes.
https://lao.ca.gov/Publications/Report/5000

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - The number of ZEBs purchased in advance of the ICT time lines. The ICT ’s minimum ZEB purchase requirements began in 2023, while bus fleet data currently are available through 2022. As a result, these two performance indicators are effectively identical.
https://lao.ca.gov/Publications/Report/4890

The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - Figure  1 below shows the credit amount available to single filers under the prior-law EITC (dashed line) and the expanded EITC (solid line). The expanded EITC keeps the same structure at the lower end of the income range, but phases out the credit more slowly for those tax filers with relatively higher incomes.
https://lao.ca.gov/Publications/Report/3826

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - In particular, there are two common financing options available to homeowners who meet the requirements: Home Equity Loans or Lines of Credit. Home equity lines of credit and home equity loans allow a homeowner to borrow against the equity held in the home.
https://lao.ca.gov/Publications/Report/3885

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - This is out of line with economic research discussed above which suggests tax credits influence location decisions of only a portion of recipients. Two studies that better reflects this research finding suggest tha t each $1 of film credit results in $0.20 to $0.50 of state revenues (Owens and Rennhoff [2020]), Rickman and Wang [2020]).
https://lao.ca.gov/Publications/Report/4713

Fixing Unemployment Insurance

Dec 2, 2024 - UI Take ‑Up Rate Is In ‑Line With Other State and Federal Benefit Programs. The national UI take ‑up rate among eligible unemployed workers is roughly similar to estimated statewide take ‑up rates in other programs.
https://lao.ca.gov/Publications/Report/4943