The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget includes $100  million one-time General Fund to backfill anticipated reductions in federal VOCA funding. This amount is similar to the amount provided in 2024-25 ($103  million). These funds support various OES victim grant programs and are intended to allow existing programs to maintain current service levels.
https://lao.ca.gov/Publications/Report/5081

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

Feb 28, 2025 - Taxpayers may only elect to make 90  percent of their total credit allocation refundable, and the use of such credits must be spread across the five taxable years beginning with the year of election.
https://lao.ca.gov/Publications/Report/5000

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The Governor proposes to increase the total amount of California Competes credits that GO ‑Biz may award in 2020 ‑21 and 2021 ‑ 22 b y $ 90  m illion per year. The administration estimates that the resulting reductions in General Fund revenue would be $ 10  m illion in 2021 ‑22, $ 35  m illion in 2022 ‑23, $ 50  m illion in 2023 ‑24, and $ 85  m illion in later years.
https://lao.ca.gov/Publications/Report/4327

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - CalOSBA proposes to consider applications from the 100 grantees who were rejected during the first round and suggest that a new round of grants would allow them to expand the grant to these organizations.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - Even if revenues perform better than expected, it is still unlikely that revenues will exceed $100  million. Under this scenario, CalVIP would receive its full allocation, but CDE would receive only some funding.
https://lao.ca.gov/Publications/Report/4970

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - 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

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

Mar 23, 2020 - Out ‑Year Cost May Be More or Less Than $100   Million Per Year. The DOF has assumed the proposal would cost $ 100  m illion annually in the out ‑years. This assumption is based on a 9  p ercent annual rate of growth in the formation of new LLCs.
https://lao.ca.gov/Publications/Report/4207

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 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - For smooth implementation, the Department of Tax and Fee Administration (CDTFA) generally advises state and local lawmakers to enact sales and excise tax rate changes at least 90 days before they go into effect.
https://lao.ca.gov/Publications/Report/4528

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - The amount of the additional credit is reduced by $20 for every $100 of additional income after $25,000 so that the amount phases out to zero for filers with income above $30,000. When state minimum wage reaches $15 an hour the phase out for this credit will be adjusted for inflation.
https://lao.ca.gov/Publications/Report/4099