Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2025 - The data come from the state ’s Metrc “track and trace ” system for licensed cannabis. In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2023.
https://lao.ca.gov/Publications/Report/5059

Volatility of the Personal Income Tax Base

Feb 8, 2017 - In addition, under federal and state tax laws, essentially none of the items classified as employer ‑paid benefits are taxable at the time the contribution is made. For example, California does not tax pension contributions when they are made but rather taxes pension income employees receive in retirement.
https://lao.ca.gov/Publications/Report/3548

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Overview of Diversity Efforts in the Film Tax Credit Program Introduction In recent years, the Legislature has modified the state ’s film tax credit in an effort to increase the diversity of the motion picture workforce.
https://lao.ca.gov/Publications/Report/5036

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

Mar 18, 2025 - In this fiscal context, we recommend that the Legislature apply a very high bar for new industry support —and, more generally, any new spending outside of the state ’s core responsibilities. As we understand it, the main rationale for state support for the semiconductor industry would be the potential economic benefits for the state.
https://lao.ca.gov/Publications/Report/5018

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Remaining programs —including employee compensation, pensions, and higher education —are responsible for the remaining $4  billion in difference in that year. As we have commented in the past , our office has little insight into the components of, or assumptions underlying, the administration’s projections in HHS.
https://lao.ca.gov/Publications/Report/4772

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

Feb 28, 2025 - State Incentives Typically Do Not Pay for Themselves. Film tax credits generally have a negative overall effect on state revenues. Evidence from academic research and state evaluations in places such as Georgia and New York find that every $1 of credit allocated returns significantly less than $1 in state revenue.
https://lao.ca.gov/Publications/Report/5000

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - The Fiscal Outlook considers potential future requirements under Proposition 2 (2014)—including required rainy day fund deposits and payments toward certain state debts. Some have asked whether Proposition 2 debt funding payments can be used to reduce liabilities of teacher and other public employees' pension plans.
https://lao.ca.gov/Publications/Report/3727

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

Feb 19, 2025 - BSCC = Board of State and Community Corrections; CDE = California Department of Education; JC = Judicial Council; DOJ = Department of Justice; and OES  =  Governor ’s Office of Emergency Services. Chapter  231 Requires Start-Up Loan for CDTFA.
https://lao.ca.gov/Publications/Report/4970

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - The Cigarette and Tobacco Licensing Program monitors tobacco retailers for compliance with various state laws. This fee-funded program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998.
https://lao.ca.gov/Publications/Report/4966