Updating the California Necessities Index

Aug 14, 2025 - Options A, B, and C, which largely maintain the current CNI calculation, are all similar to the current CNI historically. By maintaining an estimate for household fuels and other utilities, option C has the most fidelity to the current CNI concept.
https://lao.ca.gov/Publications/Report/5065

Fixing Unemployment Insurance

Dec 2, 2024 - As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since. Tax System Had No Room to Work in the Great Recession.
https://lao.ca.gov/Publications/Report/4943

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In California, the state Department of Finance —with public input —identified 879 c ensus tracts as Opportunity Zones. Federal Changes Provide Significant Tax Benefits for Investments in Opportunity Zones.
https://lao.ca.gov/Publications/Report/3959

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

Feb 28, 2023 - Jackson, C. Kirabo, Rucker C. Johnson, and Claudia Persico. “The Effects of School Spending on Educational and Economic Outcomes: Evidence from School Finance Reforms. ” The Quarterly Journal of Economics 131.1 (2016): 157 ‑218.
https://lao.ca.gov/Publications/Report/4713

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

Mar 6, 2019 - Within this income range (to the left of the kink) EITC benefits decrease at the same rates they increase before the peak (for example, 34 c ents for each additional $ 1 e arned for a worker with two dependents).
https://lao.ca.gov/Publications/Report/3960

The 2018-19 Budget: The Administration’s Proposition 55 Estimates

Mar 1, 2018 - Along with the general conceptual difficulty of defining a workload budget in the first place, this means that some features of the Proposition   55 c alculation are difficult to interpret and implement.
https://lao.ca.gov/Publications/Report/3765

Assessing Recent Changes to California Competes

Mar 30, 2020 - As of November 2019, 1, 043 c redit agreements had been negotiated and approved. The companies that have tax credit agreements can only claim a credit after they have met the specified amounts of hiring and investment.
https://lao.ca.gov/Publications/Report/4213

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - Packs typically contain 20 c igarettes and thus require a $2. 87 t ax stamp. A second, less common type of pack contains 25 c igarettes and requires a $3. 59 t ax stamp. As a result, the vendor needs to produce just two denominations of stamps, and taxpayers can comply with the tax by affixing just one stamp to each pack.
https://lao.ca.gov/Publications/Report/4171

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - This proposal would raise the 2021 c ap on awards by an additional $ 100  m illion. Main Street Credit. $ 100  m illion General Fund for the Main Street Credit, a tax credit for small businesses that increase their number of employees.
https://lao.ca.gov/Publications/Report/4327

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - For example, a business that pays a new qualified employee $20. 00 p er hour in 2018 c ould receive a tax credit based on 35  p ercent of $3. 50 p er hour ($20. 00 m inus $16.50), or $1. 23 p er hour.
https://lao.ca.gov/Publications/Report/3784