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

Mar 18, 2025 - To understand program impacts and to prioritize future investments, employm ent opportunities can be randomly offered to eligible participants when there are more candidates than jobs available. Using program and state administrative data, third-party evaluators can then follow both participants and randomly rejected candidates to determine whether the program improves outcomes.
https://lao.ca.gov/Publications/Report/5018

Assessing Recent Changes to California Competes

Mar 30, 2020 - Since fewer awards are being made, members of the oversight committee may have more time to review each tax credit agreement. In addition, GO ‑Biz staff also may be able to spend more time on outreach and managing the program.
https://lao.ca.gov/Publications/Report/4213

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

Feb 28, 2025 - If Protecting Market Share a Priority, Use of Benchmarks Would Help Improve Fiscal Oversight of Credit. If the Legislature elects to expand the credit, utilizing explicit benchmarks that compare the desired market share to the state ’s current position would help improve fiscal oversight of the credit.
https://lao.ca.gov/Publications/Report/5000

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Many studies have been conducted on these types of programs, but there is no consensus among researchers about whether these programs improve the economic situations of residents in targeted communities.
https://lao.ca.gov/Publications/Report/4038

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

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In addition, interest on home equity loans is deductible only if the loan proceeds are used for home improvements. Nearly one ‑quarter of tax filers in California claim the mortgage interest deduction.
https://lao.ca.gov/Publications/Report/3959

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 - The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) administers a sales tax exemption for equipment used for certain manufacturing activities. (Many people refer to this program as an exclusion rather than an exemption.) Under current law, this program will end on January 1, 2021. Public Resources Code 26011.
https://lao.ca.gov/Publications/Detail/3907

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - A program that awards tax credits to selected businesses that agree to meet multiyear hiring and investment targets. The credit is a financial incentive to attract or retain individual businesses that might not otherwise invest or remain here.
https://lao.ca.gov/Publications/Report/3759

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Immigration Integration Governor Proposes Package of Funding for Immigration and International Investment Programs. The Governor ’s budget includes $11.6  million General Fund, one time, in 2022 ‑23, and $500,000 annually thereafter, to support several GO ‑Biz functions related to international trade, investment, and economic development.
https://lao.ca.gov/Publications/Report/4529