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

May 14, 2018 - The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion State Earned Income Tax Credit Expansion Background State Earned Income Tax Credit (EITC) Boosts Low-Income Households ’ Earnings.
https://lao.ca.gov/Publications/Report/3835

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

May 8, 2018 - The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach The 2018-19 Budget California Earned Income Tax Credit Education and Outreach After California adopted a state earned income tax credit (EITC) in 2015, fewer than half the number of individuals claimed the credit than the administration initially projected.
https://lao.ca.gov/Publications/Report/3826

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

Mar 6, 2019 - Here, we refer to the official poverty measure as opposed to the Supplemental Poverty Measure (SPM) which accounts for differences in living costs and for the effects of other means ‑tested programs such as California Work Opportunity and Responsibility to Kids (CalWORKS) and CalFresh.
https://lao.ca.gov/Publications/Report/3960

Income Mobility in California Across Generations

Jan 4, 2017 - (While this section focuses on outcomes in California, the figures below refer to quintiles in the national income distribution.) Outcomes Among Children Born Into Bottom Fifth of Incomes. Figure 4 displays average household earnings by quintile in 2012.
https://lao.ca.gov/Publications/Report/3518

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Earned Income Tax Credit Expands Eligibility for California Earned Income Tax Credit (EITC). The California EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4270

Fixing Unemployment Insurance

Dec 2, 2024 - Employers pay UI taxes on the first $7,000 of each worker ’s earnings, but the vast majority of workers earn more than $7,000  in each job annually. As a result, employers pay the same amount in UI taxes on behalf of basically every employee in the state, regardless of how much that employee earns.
https://lao.ca.gov/Publications/Report/4943

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - (We refer to the prior provisions of these tax credits as “prior law. ” Because the new provisions are scheduled to only be in effect in 2021 in most cases, we anticipate the provisions to revert to prior law starting in 2022.)
https://lao.ca.gov/Publications/Report/4410

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Selected References Arellano, Manuel and Stephane Bonhomme (2017). “Quantile Selection Models with an Application to Understanding Changes in Wage Inequality. ” Econometrica 85(1). Bollinger, Christopher and Barry Hirsch (2013).
https://lao.ca.gov/Publications/Report/4878/4

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Corporations can carryforward NOLs —apply them to a future year ’s earnings —for up to 20 years. State law also allows corporations to “carryback ” NOLs —apply them to a previous year ’s earnings —for up to two years.
https://lao.ca.gov/Publications/Report/3959

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

Mar 18, 2025 - Overall, most programs increase employment and earnings among participants while receiving a subsidy. However, the ultimate goal is to improve long-term employment prospects of these workers. Research suggests that it is less common that programs lead to h igher employment or earnings after the subsidy ends.
https://lao.ca.gov/Publications/Report/5018