The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Changes made to the program in 2018 likely explain much of this trend. Specifically, the 2018 budget package: Removed a requirement that 25  percent of credits be reserved for businesses with less than $2  million in annual revenue.
https://lao.ca.gov/Publications/Report/5162

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - Credit Can Affect up to 11 Tax Years. The existing credit is available to the employer for up to five years after hiring the qualified employee. This means that the existing credit will affect up to six tax years.
https://lao.ca.gov/Publications/Report/3784

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - The administration requests $0.3 million in 2017-18 and $0.2 million in 2018-19 and ongoing for BOE to implement two of the laws described above: ABx2-11 and SBx2-5. Ongoing Workload Uncertain Due to Data Limitations...
https://lao.ca.gov/Publications/Report/3609

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - In 2020, 11  percent of buses entering service for small transit agencies were ZEBs; by 2022, that share had grown to 38  percent. As described in the “Background ” section, the ICT establishes higher ZEB purchase requirements for large transit agencies than for small transit agencies.
https://lao.ca.gov/Publications/Report/4890

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget assumes reductions to CDFA ’s budget of $11  million ($9.8  million General Fund) authorized by Control Sections 4.05 and 4.12 of the budget act. This includes $8.2  million ($7  million General Fund) in efficiency reductions and $2.8  million General Fund in vacant position reductions.
https://lao.ca.gov/Publications/Report/5081

Fixing Unemployment Insurance

Dec 2, 2024 - To  continue paying UI benefits, the state borrowed $11  billion from the federal government. From 2011 through 2018, California businesses paid the federal surcharge to repay the loan principal while the General Fund made a total of $1.4  billion in interest payments.
https://lao.ca.gov/Publications/Report/4943

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - In 2018-19, the tax program had 75.6 filled positions, and the licensing program had 64.3 filled positions. In 2023-24, these programs had 53.2 and 41.9 filled positions, respectively. CDTFA has provided two explanations for this decline.
https://lao.ca.gov/Publications/Report/4966

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - The 2018-19 Budget: California Competes Proposal California Competes Proposal Introduction The Governor ’s 2018 ‑19 budget proposal modifies and extends the California Competes tax credit. California Competes —an economic development incentive to attract or retain businesses considering a significant new investment in California —is a $200  million per year program that reduces taxpayers ’ personal income tax or corporation tax.
https://lao.ca.gov/Publications/Report/3759

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

Feb 28, 2023 - Tax and economic development lessons from state motion picture incentive programs. ” The American Review of Public Administration 48.1 (2018): 33 ‑51. Thom, Michael. “Time to yell “cut? ” An evaluation of the California Film and Production Tax Credit for the motion picture industry. ” California Journal of Politics and Policy 10.1 (2018).
https://lao.ca.gov/Publications/Report/4713

Assessing Recent Changes to California Competes

Mar 30, 2020 - LAO Assessment of The Program in 2018‑19 Modified Program Appears to Be Better Targeted. The changes made to the program in 2018 appear to have more narrowly targeted the program to tradable businesses.
https://lao.ca.gov/Publications/Report/4213