Understanding California Corporate Taxation: Apportionment [EconTax Blog]

Aug 11, 2026 - Apportionment Choices Are Tax-Base Design, Not Tax Expenditures. Single Sales Factor can increase taxes for some firms and reduce taxes for others, but it is not best understood as a tax expenditure in the same sense as a credit, deduction, or exemption.
https://lao.ca.gov/LAOEconTax/Article/Detail/866

Understanding California Corporate Taxation: Net Operating Loss Deductions [EconTax Blog]

Aug 11, 2026 - If a tax loss is increased by a tax preference or a transaction whose tax treatment is disputed, a NOL can preserve that effect and allow it to offset future income. In some cases, the resulting tax loss may not reflect a comparable decline in the business ’s overall economic position.
https://lao.ca.gov/LAOEconTax/Article/Detail/865

Comparing Options to Raise and Lower Taxes [Publication Details]

Mar 24, 2026 - Comparing Options to Raise and Lower Taxes [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5170

Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 11, 2026 - Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5189

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 11, 2026 - Annual Report on Tax Exemptions for Medicinal Cannabis June 11, 2026 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  920 of 2024 (AB  2555, Quirk-Silva) renewed an existing tax exemption for certain donations of medical cannabis products.
https://lao.ca.gov/Publications/Report/5189

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

May 18, 2026 - Background Business Tax Credits Reduce Tax Liability to Encourage Specific Activities. California allows corporations to claim a variety of tax credits that reduce tax liability on a dollar-for-dollar basis.
https://lao.ca.gov/LAOEconTax/Article/Detail/860

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

May 18, 2026 - Background Business Tax Credits Reduce Tax Liability to Encourage Specific Activities. California allows corporations to claim a variety of tax credits that reduce tax liability on a dollar-for-dollar basis.
https://lao.ca.gov/LAOEconTax/article/Detail/860

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

May 16, 2026 - In March, our office published a report evaluating various options for raising and lowering taxes. Three of the options we evaluated would align the sales tax base more closely with consumption: Expanding sales tax exemptions for business equipment; Extending the sales tax to consumer services; Extending the sales tax to digital goods.
https://lao.ca.gov/LAOEconTax/Article/Detail/859

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

May 16, 2026 - In March, our office published a report evaluating various options for raising and lowering taxes. Three of the options we evaluated would align the sales tax base more closely with consumption: Expanding sales tax exemptions for business equipment; Extending the sales tax to consumer services; Extending the sales tax to digital goods.
https://lao.ca.gov/LAOEconTax/article/Detail/859

New IRS Data Show Pandemic Outmigration Eased in 2023 [EconTax Blog]

Apr 17, 2026 - Forgone tax collections due to net outmigration peaked at 1.6 percent of 2022-23 PIT revenue, three times higher (about 1 percentage point) than pre-pandemic levels. Our assessment of the 2023 IRS migration data suggests that net domestic outmigration reduced income tax revenue growth in 2023-24 by nearly $1 billion (0.7 percent).  
https://lao.ca.gov/LAOEconTax/article/Detail/854