The 2018-19 Budget: The Administration's Proposition 55 Estimates in the May Revision

May 22, 2018 - Proposition  55 (2016) extended tax rate increases on high ‑income earners from 2018 until 2030 (which voters originally passed on a temporary basis in 2012 as part of Proposition  30). Revenues raised by the measure benefit the General Fund.
https://lao.ca.gov/Publications/Report/3844

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Version 4.0 of the credit will begin in July  2025, is scheduled to sunset in 2030, and notably introduces the ability for the credit to be refundable. Diversity Provisions Introduced in 2020. Version 3.0 of the credit, which began in 2020 and runs through June 2025, requires applicants to provide (1)  statistics on the gender, ethnic, and racial makeup of their workforce, and
https://lao.ca.gov/Publications/Report/5036

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - Second, the state ’s cap ‑and ‑trade program sets a limit on GHG  emissions across various sectors through 2030. If this emissions cap turns out to be binding, then any increase in GHG emissions from transportation fuels will be offset by an equal reduction in GHG emissions from other sources subject to the cap.
https://lao.ca.gov/Publications/Report/4528

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget package (1)  extends the PTET through tax year 2030, and (2)  allows taxpayers to make a late prepayment for tax years 2026 onward, subject to a 12.5  percent reduction in the corresponding credit.
https://lao.ca.gov/Publications/Report/5081/

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - Specifically, GO-Biz would be allowed to award new credits through 2022 ‑23 and credits could be claimed until January 1, 2030. In addition, the proposal would: Reduce the amount of credits from $200  million per year to $180  million per year.
https://lao.ca.gov/Publications/Report/3759

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Thereafter, until Proposition  2 ’s debt payment provisions expire in 2030 ‑31, the state might have some additional capacity for new commitments. Significant Stock Market Gains Could Result in Temporary Capacity.
https://lao.ca.gov/Publications/Report/3727

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - The Governor proposed to extend the film tax credit an additional five years, from July 2025 to June 2030. The annual allocation would remain $330  million. Make Credit Refundable, but With Restrictions.
https://lao.ca.gov/Publications/Report/4713

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. 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.
https://lao.ca.gov/Publications/Report/3769

The Property Tax Inheritance Exclusion

Oct 9, 2017 - By 2030, home  1 ’s bill would be one ‑third as much as home  2 ’s bill. In the absence of the inheritance exclusion, when home  1 passes to the original owner ’s child it would be reassessed. This would erase much of the difference in property tax payments between home  1 and home  2.
https://lao.ca.gov/Publications/Report/3706