Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - Homeowners qualify for PTP if they are: ( 1)  o ver the age of 62, blind, or disabled; ( 2)  h ave household incomes less than $35,500; and ( 3)  o wn at least 40  p ercent equity in their home. Under PTP, the state pays a participating homeowners ’ current ‑year property taxes directly to the county on their behalf.
https://lao.ca.gov/Publications/Report/3885

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Consequently, roughly 1. 5  m illion Californians earning between $10,000 and $50, 000 o we federal taxes but do not owe any state tax. In addition, the highest ‑income California filers pay a proportionally larger share of their income in state taxes, relative to other filers, than they do in federal taxes.
https://lao.ca.gov/Publications/Report/3959

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - The data do not tell us who received each donation. Some patients likely received more than one donation in 2020, so this total likely overstates the number of distinct patients. For example, if a patient received six donations in 2020, then the transaction total includes that person six times.
https://lao.ca.gov/Publications/Report/4447

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

Feb 28, 2025 - Labor and resources used on tax credit productions may have been used on other productions or in other industries and, therefore, do not necessarily represent new economic activity. State Incentives Typically Do Not Pay for Themselves.
https://lao.ca.gov/Publications/Report/5000

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Corporations with 100 o r fewer shareholders (owners) may choose to incorporate as “S corporations. ” S corporations do not pay the federal corporate income tax. Instead, their tax treatment resembles noncorporate entities such as partnerships and limited liability companies (LLCs).
https://lao.ca.gov/Publications/Report/4327

Managing California’s Cash

Sep 3, 2019 - When revenues do not meet expectations, a budget problem usually emerges. For the first time in the state ’s recent history, the Legislature will have a significant reserve available (in the BSA) to address a budget problem in the next recession.
https://lao.ca.gov/Publications/Report/4092

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - However, since the lag between the credit agreement and the outcomes of interest can be up to several years, we do not yet have the economic data to evaluate the most recent rounds of awards. Credit Recapture and Recycling Credits Can Be Reclaimed if Milestones Not Met or Maintained.
https://lao.ca.gov/Publications/Report/5162

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

Mar 6, 2019 - (These figures do not account for any change in EITC participation or in current workers ’ number of hours worked. The proposal ’s impact on poverty likely would be greater to the extent that it encourages more people to enter the workforce.)
https://lao.ca.gov/Publications/Report/3960

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

Mar 23, 2020 - We recognize that, especially in light of the growing economic impact of the COVID ‑ 19 o utbreak, there is a general interest in supporting small businesses. However, expanding this poorly targeted tax expenditure is not a good option for achieving this goal.
https://lao.ca.gov/Publications/Report/4207

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - If these initial steps do not resolve the disagreements, taxpayers can have their appeals heard by a quasi ‑judicial body. BOE Heard Tax Appeals. Prior to the new laws, BOE was the quasi ‑judicial body that heard appeals for state tax programs.
https://lao.ca.gov/Publications/Report/3796