The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion

May 14, 2018 - In addition, if they do not have a qualifying child, eligible filers must be at least age 25 and younger than age 65. Governor ’s Proposal Expand EITC to Close Age Gaps and Compensate for Rising Minimum Wage.
https://lao.ca.gov/Publications/Report/3835

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - The vertical axis plots the share of homeowners in each community who are over 65 years old, increasing from bottom to top. The horizontal axis shows the average disparity ratio for homes in each community, increasing from left to right.
https://lao.ca.gov/Publications/Report/3693

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The ARP made two significant changes to the EITC for 2021: (1)  increased the credit amounts available to childless workers, and (2)  broadened the age range for eligible filers from 24 to 65 years old to 19 and over.
https://lao.ca.gov/Publications/Report/4410

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The administration estimates this change will increase CT revenue in 2019 ‑20 by $65  million. Eliminates Separate Section 338 Election. When one business purchases stock in another business, it has some flexibility under federal tax law (specifically, Section 338) about whether to treat the purchase as an asset purchase or a stock purchase.
https://lao.ca.gov/Publications/Report/4100

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

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

Feb 28, 2023 - “Preliminary evidence on film production and state incentives. ” Economic Development Quarterly 31.1 (2017): 65 ‑80. Thom, Michael. “Lights, camera, but no action? Tax and economic development lessons from state motion picture incentive programs. ” The American Review of Public Administration 48.1 (2018): 33 ‑51.
https://lao.ca.gov/Publications/Report/4713

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

Mar 6, 2019 - Second, workers with no dependents who are under age 25 o r over age 65 were made eligible. No filing data is available yet on how this change has affected the number of filers claiming the credit or the credit ’s total cost.
https://lao.ca.gov/Publications/Report/3960

Assessing Recent Changes to California Competes

Mar 30, 2020 - Forty ‑seven manufacturing companies, 65  p ercent of the total number of awards in 2018 ‑19, signed California Competes tax credit agreements. As shown in Figure  3 , these account for about 60  p ercent of the total awards by dollar value, a significant increase since 2017 when they accounted for 37  p ercent.
https://lao.ca.gov/Publications/Report/4213

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In addition to the effective rate changes described above, the 2017 l aw made other changes that broadened the tax base —that is, reduced or eliminated various credits and deductions. Examples of these changes include eliminating personal exemptions, ending many individual and business deductions, and imposing new limits on other common deductions.
https://lao.ca.gov/Publications/Report/3959