California New Business Creation: January 2021 [EconTax Blog]

Feb 4, 2021 - California New Business Creation: January 2021 [EconTax Blog] California New Business Creation: January 2021 February 4, 2021 Justin Garosi The extent of new business creation in California can be a useful gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/621

Building Permits Update: December 2020 [EconTax Blog]

Feb 4, 2021 - Single family activity has rebounded strongly since the pandemic-driven spring slump, as prices have been rising in most of the state ’s metropolitan areas. Multifamily permit activity broke out in December, as total of 6,394 was more than half again as large as the next biggest month in 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/618

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Businesses may earn credits if they take actions the state wants to encourage, such as spending money on research and development. Tax credits reduce a business ’s tax bill directly, on a dollar-for-dollar basis.
https://lao.ca.gov/Publications/Report/4270

The 2020-21 Budget: Analysis of the Medi-Cal Budget

Feb 14, 2020 - What Are the State ’s Priorities for Improving County Performance? Given the complexity of Medi ‑Cal administration and the number of issues identified in state audits, counties might not be able to improve their performance on the full array of state standards all at once.
https://lao.ca.gov/Publications/Report/4161

Weekly Unemployment Claims Update: April 5-April 11 [EconTax Blog]

Apr 16, 2020 - Level of Claims in California in the Middle of the Pack Among Large States. Over the last three weeks California has processed about 2.8 million unemployment claims. These claims represent about 16 percent of the state ’s workforce.
https://lao.ca.gov/LAOEconTax/Article/Detail/452

Weekly Unemployment Claims Update: March 29-April 4 [EconTax Blog]

Apr 9, 2020 - Level of Claims in California in the Middle of the Pack Among Large States. Over the last three weeks California has processed about 2.2 million unemployment claims. These claims represent about 12.5 percent of the state ’s workforce.
https://lao.ca.gov/LAOEconTax/Article/Detail/449

California New Business Creation: November 2020 [EconTax Blog]

Dec 10, 2020 - California New Business Creation: November 2020 [EconTax Blog] California New Business Creation: November 2020 December 10, 2020 Brian Uhler The extent of new business creation in California can be an important gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/594

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

Mar 23, 2020 - Conclusion Two decades ago, the Legislature adopted an exemption from the state ’s minimum franchise tax for corporations in their first year of business with the stated intent to provide financial assistance to small businesses.
https://lao.ca.gov/Publications/Report/4207

The 2020-21 Budget: Staffing to Address New Independent Contractor Test

Feb 11, 2020 - State rules set the type of work independent contractors can do. New State Law Limits Who Companies Can Hire as Independent Contractors. The state recently enacted AB  5, which limits what types of work businesses can hire independent contractors to do.
https://lao.ca.gov/Publications/Report/4151

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - Potential state and federal policy changes —such as a state flavor ban or further FDA restrictions on e ‑ cigarettes —could have large effects on e ‑cigarette sales in California. Consumer Response to Tax.
https://lao.ca.gov/Publications/Report/4171