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

Feb 28, 2025 - The annual amount of credit claims per year has settled in the range of $150  million to $200  million for the last several years. Claims were lower in the first several years of the program because (1)  the amount of credits available was lower and (2)  credit claims often lag behind the initial award as taxpayers can carry forward credits if they do not have sufficient tax liability in that year.
https://lao.ca.gov/Publications/Report/5000

Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings? [Publication Details]

Apr 27, 2010 - We estimate that the sale of buildings would result in one-time revenue to the state of between $600 million and $1.4 billion, but that annual leasing costs would eventually exceed ownership costs by approximately $200 million.
https://lao.ca.gov/Publications/Detail/2261

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - California has more than 200 transit agencies operating vehicles such as buses, trains, ferries, and paratransit vans. Local governments, such as cities, counties, and local transit authorities, generally own and operate these agencies.
https://lao.ca.gov/Publications/Report/4890

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The administration estimates this change will increase state tax revenues by about $200  million annually. Eliminates Net Operating Loss (NOL) Carrybacks. The revenues and expenses of businesses may fluctuate significantly from year to year.
https://lao.ca.gov/Publications/Report/4100

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The Governor proposes $ 200  m illion General Fund for local governments that show progress toward developing shelters and housing for the homeless. Funding for Whole Person Care (WPC) Pilot Programs.
https://lao.ca.gov/Publications/Report/3916

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - California Competes —an economic development incentive to attract or retain businesses considering a significant new investment in California —is a $200  million per year program that reduces taxpayers ’ personal income tax or corporation tax.
https://lao.ca.gov/Publications/Report/3759

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Because of this, the administration estimates that making the credit refundable would increase state costs for the proposed extension by a total of $200  million across multiple years. Increased Administrative Complexity.
https://lao.ca.gov/Publications/Report/4713

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - As described above, each purchaser can apply the partial exemption to no more than $ 200  m illion worth of purchases per year —equivalent to $ 8  m illion of tax exemptions. Like the prior option, this one would strengthen investment incentives but result in larger revenue losses.
https://lao.ca.gov/Publications/Report/3907

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

May 20, 2020 - We estimate that conforming beginning July 1, 2020 would increase PIT revenue by about $200  million in 2020 ‑21, $400  million in 2021 ‑22, and increasing amounts over time. Eliminate Mortgage Interest Deduction for Second Homes.
https://lao.ca.gov/Publications/Report/4238

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Statutory hard cap: $200  million of equipment per year (roughly $8  million of exemption). How to claim. Submit extensive application, wait for staff review and board meeting vote, then purchase equipment.
https://lao.ca.gov/Publications/Report/4327