Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Version 4.0 of the credit will begin in July  2025, is scheduled to sunset in 2030, and notably introduces the ability for the credit to be refundable. Diversity Provisions Introduced in 2020. Version 3.0 of the credit, which began in 2020 and runs through June 2025, requires applicants to provide (1)  statistics on the gender, ethnic, and racial makeup of their workforce, and
https://lao.ca.gov/Publications/Report/5036

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - In June 2018, the Legislature passed a law (Chapter 61 of 2018 [AB 1838, Committee on Budget]) prohibiting local governments from levying such taxes (and other taxes on groceries) through 2030. The law stated the Legislature’s intent to regulate the imposition and collection of such taxes to the exclusion of local action.
https://lao.ca.gov/Publications/Detail/3903

The 2018-19 Budget: The Administration's Proposition 55 Estimates in the May Revision

May 22, 2018 - Proposition  55 (2016) extended tax rate increases on high ‑income earners from 2018 until 2030 (which voters originally passed on a temporary basis in 2012 as part of Proposition  30). Revenues raised by the measure benefit the General Fund.
https://lao.ca.gov/Publications/Report/3844

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - Second, the state ’s cap ‑and ‑trade program sets a limit on GHG  emissions across various sectors through 2030. If this emissions cap turns out to be binding, then any increase in GHG emissions from transportation fuels will be offset by an equal reduction in GHG emissions from other sources subject to the cap.
https://lao.ca.gov/Publications/Report/4528

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

Feb 28, 2023 - The Governor proposed to extend the film tax credit an additional five years, from July 2025 to June 2030. The annual allocation would remain $330  million. Make Credit Refundable, but With Restrictions.
https://lao.ca.gov/Publications/Report/4713

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - Specifically, GO-Biz would be allowed to award new credits through 2022 ‑23 and credits could be claimed until January 1, 2030. In addition, the proposal would: Reduce the amount of credits from $200  million per year to $180  million per year.
https://lao.ca.gov/Publications/Report/3759

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Thereafter, until Proposition  2 ’s debt payment provisions expire in 2030 ‑31, the state might have some additional capacity for new commitments. Significant Stock Market Gains Could Result in Temporary Capacity.
https://lao.ca.gov/Publications/Report/3727

The Property Tax Inheritance Exclusion

Oct 9, 2017 - By 2030, home  1 ’s bill would be one ‑third as much as home  2 ’s bill. In the absence of the inheritance exclusion, when home  1 passes to the original owner ’s child it would be reassessed. This would erase much of the difference in property tax payments between home  1 and home  2.
https://lao.ca.gov/Publications/Report/3706

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - While these rates are in effect only through 2030, we include their impacts on volatility in this report. (There is an additional 1  percent tax rate on income over $1  million that goes into a special fund to pay for mental health services.
https://lao.ca.gov/Publications/Report/3703

Managing California’s Cash

Sep 3, 2019 - Statute requires the loan to be repaid by 2030, meaning it could result in lower cash balances for over a decade. Assembly Bill 1054 Chapter   79 o f 2019 (A B  1054 , Holden) created a fund to help cover the costs of investor ‑owned utilities ’ liabilities for wildfire claims when those utilities are legally liable.
https://lao.ca.gov/Publications/Report/4092