The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - We do not know the average wage for the groups targeted by the credit. Given that many may not have significant work experience, their wages likely do not qualify for the higher credit amounts. Complexity.
https://lao.ca.gov/Publications/Report/3784

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - Taken together, these facts suggest that many loans are de facto additions to board members ’ staff in excess of budgetary authority. LAO Recommendation Use Provisional Language to Restrict Board Members ’ Use of Resources.
https://lao.ca.gov/Publications/Report/3609

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 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The budget package ma de two changes to ABLE account rules to conform to 2017 changes in federal law. The first change was to allow beneficiaries of ABLE accounts that have their own income to contribute amounts up to the federal poverty level to their own ABLE accounts.
https://lao.ca.gov/Publications/Report/4100

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - Specifically, these subventions total $2.7  billion in 2016 ‑17, $2.8  billion in 2017 ‑18, and $2.9  billion in 2018 ‑19. As local governments generally do not have discretion over the use of these funds, they should be not counted as subventions.
https://lao.ca.gov/Publications/Report/3800

Assessing Recent Changes to California Competes

Mar 30, 2020 - The state also recaptures credits from companies that do not meet the terms of their agreements. These recaptured credits may be rolled over and awarded in the subsequent year, in addition to the base allocation.
https://lao.ca.gov/Publications/Report/4213

The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - In 2018, there were more than 850 VITA sites in California. Partner organizations —like nonprofits —provide facilities for VITA volunteers to do tax preparation. As of April 16, 2018, about 279,000 federal income tax returns and 273,000 state income tax returns had been filed at VITA sites in California.
https://lao.ca.gov/Publications/Report/3826

The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations

Feb 14, 2019 - At this time, we do not know how the administration will determine reductions to the fixed allocations in 2020 ‑21 and beyond. However, some future choices would be more logically consistent with the administration ’s current approach than others. . . .
https://lao.ca.gov/Publications/Report/3939

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

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - If these initial steps do not resolve the disagreements, taxpayers can have their appeals heard by a quasi ‑judicial body. BOE Heard Tax Appeals. Prior to the new laws, BOE was the quasi ‑judicial body that heard appeals for state tax programs.
https://lao.ca.gov/Publications/Report/3796