The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Across the budget window (2021 ‑22 through 2023 ‑24), our revenue projections are $11  billion lower than the administration ’s estimates. We discuss our economic and revenue outlook in greater detail here: The 2023‑24 Budget: May Revenue Outlook .
https://lao.ca.gov/Publications/Report/4772

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The ARP made two significant changes to the EITC for 2021: (1)  increased the credit amounts available to childless workers, and (2)  broadened the age range for eligible filers from 24 to 65 years old to 19 and over.
https://lao.ca.gov/Publications/Report/4410

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - Since the flavor ban, however, revenues have declined much faster, from $1.84  billion in 2021-22 to $1.6  billion in 2022-23, then to $1.35  billion in 2023-24 (not including the new tax on electronic cigarettes).
https://lao.ca.gov/Publications/Report/4966

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - Annual Report on Tax Exemptions for Medicinal Cannabis June 24, 2022 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  837 of 2019 (SB  34, Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4608

The 2020-21 Budget: California Department of Tax and Fee Administration (CDTFA)

Mar 20, 2020 - A reduction of $2.6 million in 2020-21, 2021-22, and 2022-23, dropping to $0.5  million in 2023-24 and ongoing from various funds —primarily from the General Fund and reimbursements. Augmentations and Reductions Best Considered Separately.
https://lao.ca.gov/Publications/Report/4205

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - The administration estimates that the forgone revenue from this exemption will be $5.5  million General Fund ($12  million total) in 2019 ‑20, $11  million General Fund ($24  million total) in 2020 ‑21, and $5.5  million General Fund ($12  million total) in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4040

Building Reserves to Prepare for a Recession

Mar 7, 2018 - The state used proceeds from the sale of long ‑term electricity bonds to finance $11. 2  b illion in these costs. (Electricity ratepayers, rather than General Fund taxpayers, repaid these bonds financed by a surcharge on electricity bills.)
https://lao.ca.gov/Publications/Report/3769

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - In 2020, 11  percent of buses entering service for small transit agencies were ZEBs; by 2022, that share had grown to 38  percent. As described in the “Background ” section, the ICT establishes higher ZEB purchase requirements for large transit agencies than for small transit agencies.
https://lao.ca.gov/Publications/Report/4890

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - The 2020 ‑21 Budget Act assumes this change will increase General Fund revenues by $12  million in 2020 ‑21 and $24  million in 2021 ‑22. Extends Sales Tax Exemption for Diaper and Menstrual Products.  
https://lao.ca.gov/Publications/Report/4270

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

Feb 28, 2023 - TV received 70  percent of the credits, with 11  percent going to relocating TV shows. This contrasts with 55  percent under the first film tax credit program. Credit Claims Shifting to Sales Tax. Whereas most of the credits from the first program were claimed against corporation taxes, claims against the sales tax have increased in importance during the time of Program 2.0.
https://lao.ca.gov/Publications/Report/4713