The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Program Transfers $40  Million from Fund Providing Investment Accounts for Foster Youth to General Fund. The 2022-23 budget provided $100  million and $15  million ongoing to the California HOPE for Children Trust Account Fund.
https://lao.ca.gov/Publications/Report/5081/

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

Mar 18, 2025 - California Competes Grants Background California Competes Provides Incentives to Attract Business Investment. California Competes is an incentive program ran by GO-Biz. It provides nonrefundable tax credits to companies in exchange for a commitment to increase employment and investment in the state over several years.
https://lao.ca.gov/Publications/Report/5018

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Federal Changes Provide Significant Tax Benefits for Investments in Opportunity Zones. To encourage investment in Opportunity Zones, federal law allows filers to defer taxes on capital gains if those profits are invested in Opportunity Zones.
https://lao.ca.gov/Publications/Report/3959

Assessing Recent Changes to California Competes

Mar 30, 2020 - Introduction California Competes Provides Financial Incentives to Attract Business Investment. California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Report/4213

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

Feb 28, 2025 - For example, estimates of local employment multipliers, which attempt to measure the total increase in local jobs due to investment in specific industries, find that motion picture, video, and sound recording have roughly average multipliers compared to other sectors.
https://lao.ca.gov/Publications/Report/5000

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - The agreements are approved by a five-member committee.) These agreements specify an amount of tax credits available to each business once they achieve specific and pre-determined employment and investment targets over a five-year period.
https://lao.ca.gov/Publications/Report/3586

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - As noted above, larger exemptions provide stronger investment incentives but also result in larger revenue losses. If the Legislature wants to strengthen investment incentives, it could turn the partial exemption into a full exemption.
https://lao.ca.gov/Publications/Report/3907

Evaluation of a Sales Tax Exemption for Certain Manufacturers [Publication Details]

Dec 11, 2018 - Evaluation of a Sales Tax Exemption for Certain Manufacturers [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3907

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - The definition of DEIA adopted by the CFC and in the California Code of Regulations includes a commitment to provide equitable access to opportunities on the basis of a wide range of protected classes.
https://lao.ca.gov/Publications/Report/5036

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Over the last decade, California ’s nominal minimum wage has doubled from $8 per hour to $16 per hour. The state ’s minimum wage is now more than double the federal minimum wage, which has been $7.25 per hour since 2009.
https://lao.ca.gov/Publications/Report/4878/3