The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - The Governor ’s budget proposes to extend the California Competes Tax Credit program in its current form for an additional five years through fiscal year 2032-33. Analysis Program Trends Award Characteristics Have Changed Over Time.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The Commission determined that Los Angeles County incurred reimbursable costs processing deferment requests and adding the required disclosure to property tax bills. The Commission determined that the county incurred a total amount of about $30,000 in back-year costs (incurred between 2022 and 2024), and about $8,000 in ongoing costs thereafter.
https://lao.ca.gov/Publications/Report/5130

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - These costs could take the form of lower spending on other programs or higher taxes or fees. For example, if CDTFA spends all of the money that the Governor has proposed, the department might need to raise tobacco r etail license fees as soon as 2027 ‑28.
https://lao.ca.gov/Publications/Report/5132

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

Mar 18, 2025 - If the Legislature approves this proposal, we recommend adding explicit requi rements to assess a grant applicant ’s inability to use tax credits. California Regional Initiative for Social Enterprises Grant Program.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Control Sections 90.00 and 90.01 During the special session called by the Governor, the Legislature added Control Sections 90.00 and 90.01 to the 2024-25 Budget Act providing up to $2.5  billion one-time from the General Fund for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5081

Fixing Unemployment Insurance

Dec 2, 2024 - As Figure  10 shows with some illustrative numbers, this employment tax raises the cost of adding a new employee to a business and that cost is proportionately higher for a low wage worker than a high wage worker.
https://lao.ca.gov/Publications/Report/4943

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Policies formed under this orientation tend to emphasize holding down business costs. Second, pressure from the federal oversight agency to avoid errors encourages the state to conduct lengthy reviews.
https://lao.ca.gov/Publications/Report/4615

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - One example is newly formed businesses in heavily impacted sectors. An option to include these businesses would be to allow new businesses to qualify for the credit if they are in certain sectors —based on their North American Industry Classification System code.
https://lao.ca.gov/Publications/Report/4327

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - In contrast, lower fuel taxes —and the lower fuel prices that would result —likely would lead to higher fuel consumption, which in turn could lead to higher greenhouse gas (GHG) emissions and other forms of pollution.
https://lao.ca.gov/Publications/Report/4528

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Because the federal EITC is “refundable, ” any amount by which the credit exceeds a filer ’s tax liability is paid out in the form of a tax refund. The ARP made two significant changes to the EITC for 2021: (1)  increased the credit amounts available to childless workers, and (2)  broadened the age range for eligible filers from 24 to 65 years old to 19 and over.
https://lao.ca.gov/Publications/Report/4410