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 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This amount includes $10  million for Federation Internationale de Football Association (FIFA) World Cup security costs, $10  million for Family Justice Centers, and $8  million to the City of Los Angeles for fire engine purchases.
https://lao.ca.gov/Publications/Report/5081

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - For example: Energy and real estate development companies commonly form new partnerships to attract financing for new projects. Many real estate leasing companies create a new, legally independent company to hold each property that they own.
https://lao.ca.gov/Publications/Report/4207

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 2019-20 May Revision: Opportunity Zones

May 11, 2019 - New Market Tax Credits, established in 2000, provide tax credits to taxpayers who invest in businesses or real estate in certain economically distressed areas. Investments under this program have been made for a wide variety of purposes, including renewable energy and affordable housing.
https://lao.ca.gov/Publications/Report/4038

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Tax filers who buy or refinance a home after December 15, 2017 —especially if they live in one of the state ’s more expensive real estate markets —will be most affected. A filer with a new mortgage of more than $ 1  m illion could see their federal tax liability increase by more than $4, 000 p er year.
https://lao.ca.gov/Publications/Report/3959

The 2017-18 Budget: Evaluating the State-County Assessors' Partnership Agreement Program

Mar 27, 2017 - Our data on home prices and home sales comes from the real estate site Zillow. For residential and commercial permits, we used data from the Construction Industry Research Board. Results. The results of our regression are shown in Figure  A ‑1.
https://lao.ca.gov/Publications/Report/3632

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - Historically, this “step-up ” provision prevented inherited assets that had already been taxed once under an estate tax from being effectively taxed again after they are sold. This rationale is no longer valid as the state no longer has an estate tax.
https://lao.ca.gov/Publications/Report/4238

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - For example, several proposals would establish new programs that might require additional feedback from stakeholders to determine key de tails, such as program guidelines and allocation criteria. Before the Legislature takes any action on these proposals, it will be important to require the administration to provide additional information to ensure the requested funding will be implemented according to its priorities.
https://lao.ca.gov/Publications/Report/4540

Common Claims About Proposition 13

Sep 19, 2016 - In particular, land owners whose property tax costs are low because they have owned their property for many years may be more likel y to delay development in hopes of greater future profits. Other Factors Probably Matter Too.
https://lao.ca.gov/Publications/Report/3497