The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The ongoing costs are for the p rinting of disclosures. (Since Chapter  712 ’s requirements only applied to Los Angeles County, the Commission determined that other counties were not eligible to submit claims for state reimbursement.)
https://lao.ca.gov/Publications/Report/5130

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - The amount of the existing credit is 35  p ercent of qualified wages. Qualified wages exclude the portion of wages below 150  p ercent of minimum wage. For example, a business that pays a new qualified employee $20. 00 p er hour in 2018 c ould receive a tax credit based on 35  p ercent of $3. 50 p er hour ($20. 00 m inus $16.50), or $1. 23 p er hour.
https://lao.ca.gov/Publications/Report/3784

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The overall rate ranges from 7. 25  p ercent to 10. 5  p ercent depending on citywide and countywide rates, with a statewide average of 8. 6  p ercent. The rate includes: 3. 94  p ercent for the state ’s General Fund. 3. 31  p ercent to 6. 56  p ercent for various local programs, including 1. 06
https://lao.ca.gov/Publications/Report/4327

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - These average rates varied from 1  p ercent in Alpine and Sierra Counties to 1. 21  p ercent in Alameda County in 2016 ‑17. Growth in Market Value Generally Exceeds Growth in Taxable Value. Most properties ’ market values grow faster than 2  p ercent per year.
https://lao.ca.gov/Publications/Report/3885

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - A filer with a new mortgage of more than $ 1  m illion could see their federal tax liability increase by more than $4, 000 p er year. (Roughly 15  p ercent of California homes sold cost over $ 1  m illion.
https://lao.ca.gov/Publications/Report/3959

Assessing Recent Changes to California Competes

Mar 30, 2020 - Forty ‑seven manufacturing companies, 65  p ercent of the total number of awards in 2018 ‑19, signed California Competes tax credit agreements. As shown in Figure  3 , these account for about 60  p ercent of the total awards by dollar value, a significant increase since 2017 when they accounted for 37  p ercent.
https://lao.ca.gov/Publications/Report/4213

Taxation of Sugary Drinks

Nov 26, 2018 - Sugary drink tax bases typically exclude 100  p ercent juice but include other fruit drinks. Excluding 100  p ercent juice reduces revenue, just as excluding dairy does. However, the nutritional case for excluding 100  p ercent juice appears to be much weaker than the case for excluding dairy.
https://lao.ca.gov/Publications/Report/3903

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - This assumption is based on a 9  p ercent annual rate of growth in the formation of new LLCs. This assumption may be reasonable, given the amount of uncertainty regarding the future rate of business formations, but it is somewhat faster than the historical average of 7  p ercent.
https://lao.ca.gov/Publications/Report/4207

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The 2018 ‑ 19 b udget approved the first step of this plan by providing an across ‑the ‑board 10  p ercent grant increase effective April 1, 2019. The Governor ’s budget proposes to further increase CalWORKs grants by 13. 1  p ercent, which would raise grant levels to 50  p ercent of FPL for a family of three.
https://lao.ca.gov/Publications/Report/3916

Building Reserves to Prepare for a Recession

Mar 7, 2018 - For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust. However, as noted earlier, revenue losses in the early 1990s were much smaller than those in the early 2000s.
https://lao.ca.gov/Publications/Report/3769