The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Report/4500

Updating the California Necessities Index

Aug 14, 2025 - Option D, which reflects, in part, changes in prices of luxury goods and services, does not sufficiently capture the current CNI concept and is not historically similar enough. Change Required For 2026 ‑27  Budget.
https://lao.ca.gov/Publications/Report/5065

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

Mar 18, 2025 - GO-Biz selects applicants via a competitive application process and negotiates individual agreements with each successful applicant, including year-by-year milestones an d corresponding credit allocations.
https://lao.ca.gov/Publications/Report/5018

The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - Excludes General Fund backfill, which Department of Finance indicates will be reflected in May. c Includes enforcement funds allocated to the Department of Justice, Office of the Attorney General, Department of Public Health, and the Board of Equalization. d Includes $87 million which will be expended in 2018 ‑19.
https://lao.ca.gov/Publications/Report/3573

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - In fact, the state had excess revenues of $1.1  billion in 1986 ‑ 87 —equal to over $2  billion in today ’s dollars. Proposition  4 required the excess to be rebated to taxpayers. Proposition   98 (1988) Changed How Excess Revenues Are Distributed.
https://lao.ca.gov/Publications/Report/3596

Fixing Unemployment Insurance

Dec 2, 2024 - When first established, the state was toward the bottom of the schedules (Schedule D) —corresponding to relatively high rates —and had a sizable reserve for the time. 1984 Legislation Also Put Forth State ’s Current Experience Rating System.
https://lao.ca.gov/Publications/Report/4943

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - Effective April 1, 2017, this measure will increase the state excise tax rate on cigarettes by $2 per pack—from 87 cents to $2.87—and increase the state excise tax on other tobacco products by a similar amount.
https://lao.ca.gov/Publications/Report/3609

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

An Overview of California’s Research and Development Credit [Publication Details]

Nov 30, 2003 - Economic theory suggests that without some form of subsidy, overall research and development (R&D) spending in society would be lower than the economically optimal level. A strong case can be made that such a subsidy is appropriate at the federal level. However, we are not aware of economic evidence which, on balance, justifies a state credit in addition to the federal credit.
https://lao.ca.gov/Publications/Detail/1064

California’s First Film Tax Credit Program

Sep 29, 2016 - The state ’s corporation tax was most significantly affected —we estimate that nearly $700  million in tax credits, 87  percent of the total, will be applied against corporation tax liabilities. Just over $100  million in film tax credits will be used to request refunds of sales and use tax.
https://lao.ca.gov/Publications/Report/3502