The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - The 2022 CHIPS Act provides financial incentives for semiconductor companies to expand their operations in the U.S. $50  Million to Supplement ISRF Loans. The Governor ’s budget also proposes a one-time General Fund allocation of $50  million to supplement ISRF ’s existing resources to provide loans to public agencies.
https://lao.ca.gov/Publications/Report/4846

Fixing Unemployment Insurance

Dec 2, 2024 - Unemployed workers can receive 50  percent of their regular wages, up to a maximum of $450 per week, for up to 26 weeks. (Due to the $450 weekly benefit maximum, about half of workers receive less than 50  percent of their regular wages.)
https://lao.ca.gov/Publications/Report/4943

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

Mar 18, 2025 - As a point of comparison, more than 50  percent of tax credits awarded are either never claimed or later recaptured, so we expect a nontrivial fraction of grant awards will not be claimed. Governor ’s Proposal $60  Million for California Competes Grants.
https://lao.ca.gov/Publications/Report/5018

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - One-Quarter of Low-Wage Workers Are 50 or Older. The age distribution of low-wage workers extends well into middle age. More than one-quarter of low-wage workers are at least 50 years old. Ages of Male and Female Low-Wage Workers Are Similar.
https://lao.ca.gov/Publications/Report/4878/2

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Ridership fell by more than 50  percent when the pandemic began in 2020. Due to the pandemic-related disruptions, transit agencies projected significant declines in both fare revenues and other state and local funds dedicated to transit.
https://lao.ca.gov/Publications/Report/4890

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - The credit also is capped at 350  p ercent of the minimum wage —$38. 50 i n 2018. This means that, regardless of an employee ’s hourly wage, a taxpayer may not claim a tax credit in excess of $7. 70 p er hour worked ($38. 50 m inus $16.50, multiplied by 0.35).
https://lao.ca.gov/Publications/Report/3784

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - The budget increased the required payment amount for April and June from a total of 50  percent to 60  percent (and reduced the required amount for the rest of the year). This change had the effect of accelerating tax collections from 2009 ‑10 into 2008 ‑09, thereby improving the 2008 ‑09 budget condition.
https://lao.ca.gov/Publications/Report/4722

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - At the other end, average wages in the Bay Area are at least 20  percent higher —and in some counties, 50  percent higher —than the statewide average. Some High-Wage Areas Do Not Have Local Minimum Wages.
https://lao.ca.gov/Publications/Report/4878/3

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - Banks with more than $50  billion in assets may not deduct these premiums at all. Banks with between $10  billion and $50  billion in assets may deduct a portion of their FDIC premiums. About 40 U.S. banks have more than $50  billion in assets.
https://lao.ca.gov/Publications/Report/4100

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - A business is eligible for the credit if it (1)  has fewer than 100 employees and (2)  experienced a 50  percent or greater decline in gross income during the second quarter of 2020. The credit can reduce a business ’ personal income tax, corporation tax, or sales tax bill.
https://lao.ca.gov/Publications/Report/4270