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

Feb 28, 2025 - Since the credit is consistently oversubscribed, increasing t he annual cap would likely result in a corresponding increase in credits awarded. Legislature ’s Response to Proposal Should Depend on the Importance of Protecting Hollywood Relative to Other Goals.
https://lao.ca.gov/Publications/Report/5000

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

Mar 18, 2025 - The program only requires that the applicant has not received a California Competes tax credit for the same jobs or investment for which the grant is sough t. The determination of suitability for the grant is done alongside a more general evaluation of the application by the California Competes staff.
https://lao.ca.gov/Publications/Report/5018

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Of course, some workers at these ages presumably move from low-wage jobs to mid-to-high-wage jobs, but such movement does not appear to be much larger than movemen t in the opposite direction. Substantial Share of Workers in Their Late Thirties Are in Low-Wage Jobs.
https://lao.ca.gov/Publications/Report/4878/2

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - In 2020, licensees identified 13, 278 t ransactions as medicinal donations. The data do not tell us who received each donation. Some patients likely received more than one donation in 2020, so this total likely overstates the number of distinct patients.
https://lao.ca.gov/Publications/Report/4447

Managing California’s Cash

Sep 3, 2019 - This means that continuously from October 2001 t o June 2004 t he state had billions of dollars in outstanding cash deficit financing. Cycle Ends With Authorization of Economic Recovery Bonds (ERBs).
https://lao.ca.gov/Publications/Report/4092

Fixing Unemployment Insurance

Dec 2, 2024 - Why Hasn ’t the State ’s Tax System Worked? The state ’s UI tax system —including its tax rates, tax schedule, taxable wage base, and experience rating —cannot generate sufficient employer contributions to build and maintain adequate reserves.
https://lao.ca.gov/Publications/Report/4943

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Given the increase to the federal standard deduction, we expect that many fewer filers will itemize their deductions in 2018 t han in previous years. As a result, fewer Californians will take the SALT deduction on their federal taxes.
https://lao.ca.gov/Publications/Report/3959

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

Mar 6, 2019 - First, the income limits were raised from $22, 300 t o $24,950 for filers with dependents and from $15, 000 t o $16,750 for workers with no dependents. This increased the number of workers eligible for the state credit.
https://lao.ca.gov/Publications/Report/3960

Building Reserves to Prepare for a Recession

Mar 7, 2018 - These include: ( 1) t he inclusion of capital gains into the PIT base (although they are not included in the definition of personal income) and ( 2) t he PIT ’s progressive rate structure. Revenue Losses Associated With Past Recessions.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - The administration notified the Legislature it was making such a transfer of $2. 2  m illion in February, bringing OTA ’s total budget for 2017 ‑ 18 t o more than $ 7  m illion. New Laws Directed OTA to Hear Appeals in Three Offices.
https://lao.ca.gov/Publications/Report/3796