How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Choosing Taxed Event and Point of Collection for Recommended Tax Types. If the Legislature adopts a tiered ad valorem tax, we recommend it levy the tax on the retail sale and collect the tax directly from retailers.
https://lao.ca.gov/Publications/Report/4125

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
https://lao.ca.gov/Publications/Report/5162

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

Feb 19, 2026 - The Commission determined that Los Angeles County incurred reimbursable costs processing deferment requests and adding the required disclosure to property tax bills. The Commission determined that the county incurred a total amount of about $30,000 in back-year costs (incurred between 2022 and 2024), and about $8,000 in ongoing costs thereafter.
https://lao.ca.gov/Publications/Report/5130

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget package excludes any settlements related to the Chiquita Canyon elevated temperature landfill event from state taxation. This exclusion applies to tax years 2024 through 2028 and is estimated to reduce revenues by $600,000 in fiscal year 2024-25.
https://lao.ca.gov/Publications/Report/5081

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

Feb 28, 2025 - Two notable events account for the volatility seen in Figure  3, namely COVID ‑19 and the 2023 SAG ‑AFTRA and Writer ’s Guild of America strikes, which coincide with the sharp decreases observed in 2020 and 2023 respectively.
https://lao.ca.gov/Publications/Report/5000

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

Mar 18, 2025 - If the Legislature approves this proposal, we recommend adding explicit requi rements to assess a grant applicant ’s inability to use tax credits. California Regional Initiative for Social Enterprises Grant Program.
https://lao.ca.gov/Publications/Report/5018

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - In our previous report , we calculated the AD of personal income to be 2.3. To determine the causes of PIT volatility, we first estimate the AD of the overall PIT and compare it to the AD of personal income.
https://lao.ca.gov/Publications/Report/3703

Comparing Taxes on Cannabis to Taxes on Other Products in California

Dec 17, 2019 - Ad Valorem Taxes. California ’s state tax on non-cigarette tobacco products —including e-cigarettes, cigars, and chewing tobacco —is a percentage of the wholesale price of these products. Such price-based taxes are called ad valorem taxes.
https://lao.ca.gov/Publications/Report/4123

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The Federal Deposit Insurance Corporation (FDIC) protects consumers from financial losses in the event a bank fails. Banks pay insurance premiums to the FDIC and are generally allowed to deduct these as a business expense.
https://lao.ca.gov/Publications/Report/4100

California’s First Film Tax Credit Program

Sep 29, 2016 - Bottom Line: Billions in Net Added State Economic Output Film Tax Credit Likely Increased Economic Output. As we discussed above, we believe that the first film tax credit program increased spending on motion picture production by roughly $4.5  billion.
https://lao.ca.gov/Publications/Report/3502