The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Chapter  41 of 2020 (SB  1447, Bradford) created a new Small Business Hiring Tax Credit. The budget package allocates $100  million General Fund for this new credit. The credit —which is available on a first-come, first-served basis —is equal to $1,000 per each net new employee, up to $100,000 per business.
https://lao.ca.gov/Publications/Report/4270

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - The share of homes owned by 55 to 75 year olds has been growing for several years, increasing from 31 percent in 2005 to 41 percent in 2015. At the same time, this share dropped from 46 percent to 38 percent for ages 35 to 55 and from 11 percent to 8 percent for those under 35.
https://lao.ca.gov/Publications/Report/3693