Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 11, 2026 - As shown in Figure  1, licensees donated a wide variety of products in 2025. Figure 1 Amounts of Products Donated Under AB 2555 Exemption in 2025 Product
https://lao.ca.gov/Publications/Report/5189

California New Car Registrations: April 2026 [EconTax Blog]

Jun 4, 2026 - Figure 1 below shows the statewide number of new car registrations from January 2018 through April 2026. This is a good proxy for the number of cars purchased by California residents. Slump in Registrations Continued Through April.
https://lao.ca.gov/LAOEconTax/Article/Detail/862

California New Car Registrations: April 2026 [EconTax Blog]

Jun 4, 2026 - Figure 1 below shows the statewide number of new car registrations from January 2018 through April 2026. This is a good proxy for the number of cars purchased by California residents. Slump in Registrations Continued Through April.
https://lao.ca.gov/LAOEconTax/article/Detail/862

Cannabis Tax Revenue Update (2026 Q1) [EconTax Blog]

May 27, 2026 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for First Quarter of 2026: $144 Million. For cannabis excise tax returns filed for the first quarter of 2026, the total amount of tax due is $144 million.
https://lao.ca.gov/LAOEconTax/article/Detail/861

Cannabis Tax Revenue Update (2026 Q1) [EconTax Blog]

May 27, 2026 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for First Quarter of 2026: $144 Million. For cannabis excise tax returns filed for the first quarter of 2026, the total amount of tax due is $144 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/861

The 2026-27 Budget: Permanent Business Credit Limitation [EconTax Blog]

May 18, 2026 - Additionally, this limit does not impact the ability of taxpayers to claim refundable tax credits, notably those associated with (1) the current credit limitation in effect for tax years 2024-2026 and (2) elections to make credits awarded through the film tax credit refundable.
https://lao.ca.gov/LAOEconTax/Article/Detail/860

The 2026-27 Budget: Permanent Business Credit Limitation [EconTax Blog]

May 18, 2026 - Additionally, this limit does not impact the ability of taxpayers to claim refundable tax credits, notably those associated with (1) the current credit limitation in effect for tax years 2024-2026 and (2) elections to make credits awarded through the film tax credit refundable.
https://lao.ca.gov/LAOEconTax/article/Detail/860

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - The 2026-27 Budget: Initial Comments on the Governor's May Revision Initial Comments on the Governor's May Revision Appendix 1: General Fund Discretionary Spending Proposals in the 2026-27 May Revision
https://lao.ca.gov/Publications/Report/5187/1

The 2026-27 Budget: Sales Tax on Prewritten Software [EconTax Blog]

May 16, 2026 - The change would go into effect January 1, 2027. The administration estimates that this would raise General Fund revenue by $450 million and local sales tax revenue by $560 million in 2026-27, when it would be in effect for half a year.
https://lao.ca.gov/LAOEconTax/Article/Detail/859

The 2026-27 Budget: Sales Tax on Prewritten Software [EconTax Blog]

May 16, 2026 - The change would go into effect January 1, 2027. The administration estimates that this would raise General Fund revenue by $450 million and local sales tax revenue by $560 million in 2026-27, when it would be in effect for half a year.
https://lao.ca.gov/LAOEconTax/article/Detail/859