Updating the California Necessities Index

Aug 14, 2025 - Therefore, any measure that requires statistics on the prices of a small set of goods in metropolitan areas —which includes options A, B, and C —may be at higher risk to future BLS publication changes.
https://lao.ca.gov/Publications/Report/5065

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

Feb 28, 2023 - Evidence from state film incentives. ” Regional science and urban economics 77 (2019): 315 ‑339. Button, Patrick. “Can tax incentives create a local film industry? Evidence from Louisiana and New Mexico. ” Journal of Urban Affairs 43.5 (2021): 658 ‑684.
https://lao.ca.gov/Publications/Report/4713

Fixing Unemployment Insurance

Dec 2, 2024 - These include the state ’s food assistance program (CalFresh, 77  percent take ‑up rate), the state ’s cash assistance program (California Work Opportunity and Responsibility to Kids [CalWORKs], 60  percent), and the federal tax credit for low income tax filers (the federal Earned Income Tax Credit, 80  percent).
https://lao.ca.gov/Publications/Report/4943

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Chapter  114 of 2021 (S B  144 , Portantino) required our office to issue a report summarizing the workforce diversity information collected by the California Film Commission (CFC) and evaluate the effectiveness of the tax credit for increasing diversity.
https://lao.ca.gov/Publications/Report/5036

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - Chapter  39 of 2020 (A B  1577 , Burke) and Chapter  17 of 2021 (A B  80 , Burke) partially conformed state tax laws to the federal treatment of forgiven PPP loans and EIDL advance grants. Taxpayers that are publicly traded companies or did not have at least a 25  percent reduction in gross receipts are excluded from this provision.
https://lao.ca.gov/Publications/Report/4501

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - In  anticipation of a $54  billion budget problem, Chapter  8 of 2020 (A B  85 , Committee on Budget) limited the use of net operating loss deductions and business credits for 2020, 2021, and 2022 to temporarily increase tax revenue.
https://lao.ca.gov/Publications/Report/4500

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - Chapter   837 o f 2019 (S B  34 , Wiener) established new tax exemptions for donations of medicinal cannabis. The law directs our office to submit an annual report containing dat a on three outcomes related to the exemptions: the number of medicinal cannabis patients served, the amount of medicinal cannabis products donated, and the amount of tax revenue lost.
https://lao.ca.gov/Publications/Report/4447

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Accordingly, as described below, our wage percentile estimates are b ased on the Arellano and Bonhomme (2017) approach. Exclusion Restrictions. In this context, the two main parts of the Arellano and Bonhomme (2017) model are (1)  a set of equations that predict the conditional quantiles of the wage distribution, and (2)  an equation that predicts whether each worker responds to the survey ’s wage questions.
https://lao.ca.gov/Publications/Report/4878/4

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Provide free transit services. a a Included in Governor ’s proposed package of actions. b Governor proposed deferring scheduled inflation increases to gasoline and diesel excise tax rates in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4597

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Chapter   677 o f 2012 (S B  1128 , Padilla) prohibits CAEATFA from approving more than $ 100  m illion of exclusions in any calendar year. This cap has become more binding over time. Before 2019, exclusions were available for most of the year.
https://lao.ca.gov/Publications/Report/4327