Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Therefore, representation proportionate to California ’s population is simply one of many statistics that can be considered as part of the state ’s equity objectives. Increases in Diversity May Partially Come From Selection Effects.
https://lao.ca.gov/Publications/Report/5036

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

Mar 18, 2025 - The 2025-26 Budget: Governor’s Office of Business and Economic Development The 2025-26 Budget Governor ’s Office of Business and Economic Development The Governor ’s budget includes several proposals under the Governor ’s Office of Business and Economic Development (GO-Biz).
https://lao.ca.gov/Publications/Report/5018

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

Feb 28, 2025 - Weak Evidence That California ’s Tax Credit Benefits the State ’s Economy Overall. While the film tax credit likely increases the size of California ’s film industry, a much more difficult question to answer is whether it grows the state ’s economy as a whole.
https://lao.ca.gov/Publications/Report/5000

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - The 2025-26 Budget: CDTFA’s Tobacco Programs The 2025‑26 Budget CDTFA ’s Tobacco Programs In this post, we provide information to support the Legislature ’s oversight of the Department of Tax and Fee Administration ’s (CDTFA ’s) tobacco programs.
https://lao.ca.gov/Publications/Report/4966

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - It also required CDTFA ’s administrative costs be addressed first prior to any other allocations. As such, the Legislature intended that administration of this new tax not impact the state General Fund or CDTFA ’s existing programs and activities.
https://lao.ca.gov/Publications/Report/4970

Fixing Unemployment Insurance

Dec 2, 2024 - Mounting Consequences of the State ’s Broken UI Financing System. The state ’s broken UI  system now presents mounting consequences: Annual Shortfalls Will Balloon Outstanding Federal UI Loan. Anticipated annual shortfalls will add to the state ’s looming $20  billion outstanding federal UI  loan.
https://lao.ca.gov/Publications/Report/4943

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Using the evaluation framework outlined in this report, we offer the following recommendations on the Governor ’s proposals: Explore Alternative Approaches to Elective S Corporation Tax. The general concept behind the Governor ’s proposal has merit, but alternatives warrant the Legislature ’s consideration.
https://lao.ca.gov/Publications/Report/4327

The 2021-22 Budget: Business Tax Incentives [Publication Details]

Jan 28, 2021 - The Governor’s budget proposes several changes to taxation to support businesses. Two key factors for evaluating these proposals are: (1) which level of government would forgo revenue; and (2) which businesses would receive assistance.
https://lao.ca.gov/Publications/Detail/4327

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

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Due to the state ’s budget condition, any ongoing fiscal commitments should clear a very high bar of need. Based on the considerations discussed in this post, we doubt that the ZEB exemption clears this bar.
https://lao.ca.gov/Publications/Report/4890