Fixing Unemployment Insurance

Dec 2, 2024 - In other words, paradoxically, businesses ’ improving reserve balances moved them to lower tax rate rungs within the F+ schedule, which had the effect of lowering state UI tax rates, as shown in Figure  5 .
https://lao.ca.gov/Publications/Report/4943

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The F-statistic for this pair of regressors in the response equation generally is between 33 and 35, depending on the specification. The full-time median estimates in Figure  6 are the exception: when we limit the sample to full-time workers only, the F-statistic is around 22 to 23.
https://lao.ca.gov/Publications/Report/4878/4

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - Chapter   837 o f 2019 (S B  34 , Wiener) established new tax exemptions for donations of medicinal cannabis. The law directs our office to submit an annual report containing dat a 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.
https://lao.ca.gov/Publications/Report/4447

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

Mar 6, 2019 - This increase would be a flat $500 for every worker with income under $28,000, then phase out between $28,000 and $30, 000 o f income at a rate of $ 1 o f credit for each $ 4 o f income. (This phase out range would be fixed until 2022 and would be adjusted for inflation thereafter.)
https://lao.ca.gov/Publications/Report/3960

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

Feb 28, 2023 - O ’Brien, Nina F., and Christianne J. Lane. “Effects of economic incentives in the American film industry: An ecological approach. ” Regional Studies 52.6 (2018): 865 ‑875. Owens, Mark F., and Adam D.
https://lao.ca.gov/Publications/Report/4713

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - In 2018, more than 75  p ercent of total income from S corporations and partnerships went to filers with more than $500, 000 o f income. Taxpayers with incomes over $500, 000 m ake up about 2  p ercent of all taxpayers.
https://lao.ca.gov/Publications/Report/4327

Managing California’s Cash

Sep 3, 2019 - 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

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Reflecting the administration ’s revised revenue estimates, the Governor ’s budget proposal provides an additional $ 575  m illion General Fund to schools and community colleges (relative to June 201 9) f or 2018 ‑19 and 2019 ‑20.
https://lao.ca.gov/Publications/Report/4135

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - After the Legislature passed Chapter   10 o f 2010 (S B  71 , Padilla), CAEATFA hired Blue Sky Consulting to help CAEATFA implement the new law. In particular, Blue Sky —in consultation with CAEATFA and others —developed the scoring system that the authority has used to evaluate applicants for the exemption.
https://lao.ca.gov/Publications/Report/3907

Assessing Recent Changes to California Competes

Mar 30, 2020 - Chapter   52 o f 2018 (S B  855 , Committee on Budget and Fiscal Review) made several changes to the program and requires our office to review information submitted to us about the program by the administration and report to the Legislature.
https://lao.ca.gov/Publications/Report/4213