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

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - The COVID ‑19 effect was short ‑lived and shoot days returned to pre ‑pandemic levels in 2021. In contrast, filming activity following the strikes has shown no signs of recovering so far, with shoot days slightly declining further in 2024.
https://lao.ca.gov/Publications/Report/5000

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - To address this, the 2021, 2022, and 2023 Budget Acts each provided one-time funding of $120  million for a grant program to supplement the tax credit. The process for evaluating applications and negotiating agreements is similar to the tax credit program, but awards are paid directly to successful applicants upon meeting the agreed milestones.
https://lao.ca.gov/Publications/Report/5018

Fixing Unemployment Insurance

Dec 2, 2024 - As Figure  2 shows, the outstanding loan balance has remained essentially the same since late 2021. Under the federal loan repayment rules, employers now face escalating federal UI taxes that will be directed toward repaying the loan principal.
https://lao.ca.gov/Publications/Report/4943

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - As shown in Figure  1, licensees donated a wide variety of products in 2021. Figure 1 Amounts of Products Donated Under SB 34 Exemption in 2021 Product
https://lao.ca.gov/Publications/Report/4608

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - From recent one-time General Fund augmentations, CARB allocated $70  million in both 2021-22 and 2022-23 through HVIP specifically for transit agencies to procure ZEBS. Amounts available for transit agencies through HVIP depend on budget act appropriations and on funding plans developed by CARB.
https://lao.ca.gov/Publications/Report/4890

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

Feb 28, 2023 - The 2021 budget package also included an allocation of $150  million in film tax credits for productions that are filmed at new or renovated soundstages. The credits are available for productions in 2022 through 2032.
https://lao.ca.gov/Publications/Report/4713

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - (The June 2021 budget plan contained an agreement to make all four ‑year olds eligible for transitional kindergarten by 2025 ‑26 and required the state to adjust the Proposition  98 requirement upward for the associated costs.)
https://lao.ca.gov/Publications/Report/4772

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The 2021 provision also includes an income limit, as the credit percentage phases down again for filers with income over $400,000. Credit Will Be Refundable for 2021. The ARP makes the credit fully refundable for tax year 2021.
https://lao.ca.gov/Publications/Report/4410

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - In 2021 ‑22, the tax rates are 51.1  cents per gallon on gasoline and 38.9 cents per gallon on diesel. (We provide additional information about gasoline taxes at https://lao.ca.gov/Transportation/FAQs .)
https://lao.ca.gov/Publications/Report/4528