The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The change in state law limits the amount that banks may deduct based on their assets. Banks with under $10  billion in assets are unaffected. Banks with more than $50  billion in assets may not deduct these premiums at all.
https://lao.ca.gov/Publications/Report/4100

Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details]

Feb 10, 2015 - Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details] Infographic Description: California law has long required banks, insurance companies, and many other types of entities to transfer to the State Controller’s Office (SCO) personal property considered abandoned by owners.
https://lao.ca.gov/Publications/Detail/3167

Volatility of the Personal Income Tax Base

Feb 8, 2017 - Imputed interest includes investment income earned on insurance policies, the value of implicit services provided by banks and other lenders, and interest earned on employee pension plans. Transfer Payments.
https://lao.ca.gov/Publications/Report/3548

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The Governor ’s budget includes $ 250  m illion General Fund in 2020 ‑ 21 —with a plan to allocate an additional $ 750  m illion in future years —to establish a new loan program at the California Infrastructure and Economic Development Bank (I ‑Bank).
https://lao.ca.gov/Publications/Report/4135

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - State law provides a credit for 15  p ercent of the value of fresh fruits or vegetables donated to California food banks. Taxes on Business Income. Business income can be earned by individuals or businesses (like corporations).
https://lao.ca.gov/Publications/Report/3959

Tax Expenditure Reviews [Publication Details]

Nov 16, 2007 - Tax Expenditure Reviews [Publication Details] HTML Description: Tax expenditure programs (TEPs) are features of the tax code—including credits, deductions, exclusions, and exemptions—that enable a targeted set of taxpayers to reduce their taxes relative to what they would pay under a “basic” tax-law structure.
https://lao.ca.gov/Publications/Detail/1684

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - What We Know About Earnings Nonresponse 30 Years After Lillard, Smith, and Welch. ” Journal of Political Economy 127(51). Dutz, Denis, Ingrid Huitfeldt, Santiago Lacouture, Magne Mogstad, Alexander Torgovitsky, and Winnie van Dijk (2022).
https://lao.ca.gov/Publications/Report/4878/4

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget package removes both (1)  savings and loans, and (2)  banking or financial business from the list of QBA from tax year 2025 onwards. The administration estimates this change will increase revenues by $330  million in fiscal year 2025-26, decreasing slightly to $270  million by 2028-29.
https://lao.ca.gov/Publications/Report/5081

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Additionally, the California Film Commission, Travel and Tourism Commission, and the Infrastructure and Economic Development Bank have been assigned for oversight purposes to GO‑Biz. Governor ’s Proposals and LAO Comments Local Government Budget Sustainability Fund Community Economic Resilience Fund (CERF) Established Last Year.
https://lao.ca.gov/Publications/Report/4529

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - In other words, opportunity costs are the answer to the question: What other state programs would have been funded if the stimulus program had not been created and what would have been the benefits of those other programs?
https://lao.ca.gov/Publications/Report/4331