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

May 8, 2018 - Whether fewer individuals would have filed a tax return without the additional outreach activities is unknown based on the data available. In addition, we do not know how many eligible individuals did not file tax returns ( “non-filers ”).
https://lao.ca.gov/Publications/Report/3826

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

May 14, 2018 - The administration proposes to expand the state EITC to working individuals without children who are between the ages of 18 and 25, as well as to those over age 65. In addition, the administration proposes to increase the income level at which the credit phases out completely to $24,960 (the earnings of one person working fulltime at the 2019 minimum wage of $12 per hour) for filers with one or more dependents and to $16,800 for filers with no dependents.
https://lao.ca.gov/Publications/Report/3835

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - How quickly and completely will the appropriation or allocation translate into actual income, spending, or investment? By how much does the policy reduce revenue? What are the alternative uses of this revenue?
https://lao.ca.gov/Publications/Report/4327

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

Mar 6, 2019 - Both our November Outlook and the administration ’s January estimates (without the Governor ’s proposed conformity changes) suggest that an additional roughly $ 3  b illion in ongoing General Fund resources might be available for additional budget commitments in 2019 ‑20.
https://lao.ca.gov/Publications/Report/3960

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

Mar 18, 2025 - Using this information, they can assess whether the program is targeting the intended populations and how to prioritize future investments. Direct CalOSBA to Provide Funding to Most Qualified ESEs. CalOSBA proposes to consider applications from the 100 grantees who were rejected during the first round and suggest that a new round of grants would allow them to expand the grant to these organizations.
https://lao.ca.gov/Publications/Report/5018

Fixing Unemployment Insurance

Dec 2, 2024 - Repay the outstanding federal loan immediately by using new borrowing, split evenly between: (1) a revenue bond to be repaid by employers, and (2) Pooled Money Investment Account borrowing to be paid by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4943

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Businesses may earn credits if they take actions the state wants to encourage, such as spending money on research and development. Tax credits reduce a business ’s tax bill directly, on a dollar-for-dollar basis.
https://lao.ca.gov/Publications/Report/4270

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Consequently, creating a state tax benefit for Opportunity Zone investments —on top of the significant federal incentive —likely would not significantly influence decisions about where to invest. Any state tax benefit provided would be a “windfall ” to investors because they likely would have made the investment even without the state benefit.
https://lao.ca.gov/Publications/Report/3959

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Because the tax credit is nonrefundable, businesses without a significant California tax liability cannot benefit from the incentive it provides. Two types of businesses fall under this category. First, some firms lack tax liability in California due to ongoing and substantial use of other tax deductions and credits, most commonly the Research & Development Tax Credit and the Net Operating Loss deduction.
https://lao.ca.gov/Publications/Report/5162

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - To gauge the effect of these state credits, we looked at how New Market Tax Credit investments changed in states after they adopted state credits and compared these investment changes to similar states without state credits (using a statistical method known as synthetic control).
https://lao.ca.gov/Publications/Report/4038