The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - CDTFA ’s inspections of licensed smoke shops frequently result in seizures of illegal cannabis and/or tobacco products. 85  percent of the department ’s tobacco seizures include products that violate the flavor ban.
https://lao.ca.gov/Publications/Report/5132

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - In  anticipation of a $54  billion budget problem, Chapter  8 of 2020 (A B  85 , Committee on Budget) limited the use of net operating loss deductions and business credits for 2020, 2021, and 2022 to temporarily increase tax revenue.
https://lao.ca.gov/Publications/Report/4500

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This change is estimated to reduce state r evenues by $135  million in fiscal year 2025-26 and $85  million annually thereafter. Excludes Wildfire Settlements From State Income Taxation. The budget package provides a blanket exemption for settlements related to any wildfire occurring between tax years 2021 and 2029.
https://lao.ca.gov/Publications/Report/5081/

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - As of January 9, 2022, about 85 percent of the PPP loans nationwide have been forgiven. Restaurant Revitalization Fund (RRF). The RRF program was created in March 2021 to make grants to eligible restaurants, caterers, and bars that experienced a decline in revenue during the pandemic.
https://lao.ca.gov/Publications/Report/4501

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - “Quantile Selection Models with an Application to Understanding Changes in Wage Inequality. ” Econometrica 85(1). Bollinger, Christopher and Barry Hirsch (2013). “Is Earnings Nonresponse Ignorable? ” The Review of Economics and Statistics 95(2).
https://lao.ca.gov/Publications/Report/4878/4

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Miller, Keaton and Boyoung Seo (2019). “Tax Revenues When Substances Substitute: Marijuana, Alcohol, and Tobacco. ” Mimeo, University of Oregon. National Academies of Sciences, Engineering, and Medicine (2017).
https://lao.ca.gov/Publications/Report/4125

Review of the California Competes Tax Credit

Oct 31, 2017 - About 85  percent of the tax credit dollars have been awarded to businesses that produce goods and service that are, or could be, tradable. In these cases, it is possible that the credit changes business behavior that results in expanded economic activity in California.
https://lao.ca.gov/Publications/Report/3709

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - 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

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - Statewide, on average, approved applicants are 72 years old, have household incomes of about $20,000, and own 85  p ercent equity in their homes. Additionally, the applicant ’s home must be a single ‑family or multifamily unit and the applicant must use it as his or her primary residence.
https://lao.ca.gov/Publications/Report/3885