The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - The 2022 CHIPS Act provides financial incentives for semiconductor companies to expand their operations in the U.S. $50  Million to Supplement ISRF Loans. The Governor ’s budget also proposes a one-time General Fund allocation of $50  million to supplement ISRF ’s existing resources to provide loans to public agencies.
https://lao.ca.gov/Publications/Report/4846

Fixing Unemployment Insurance

Dec 2, 2024 - Unemployed workers can receive 50  percent of their regular wages, up to a maximum of $450 per week, for up to 26 weeks. (Due to the $450 weekly benefit maximum, about half of workers receive less than 50  percent of their regular wages.)
https://lao.ca.gov/Publications/Report/4943

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

Mar 18, 2025 - As a point of comparison, more than 50  percent of tax credits awarded are either never claimed or later recaptured, so we expect a nontrivial fraction of grant awards will not be claimed. Governor ’s Proposal $60  Million for California Competes Grants.
https://lao.ca.gov/Publications/Report/5018

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - One-Quarter of Low-Wage Workers Are 50 or Older. The age distribution of low-wage workers extends well into middle age. More than one-quarter of low-wage workers are at least 50 years old. Ages of Male and Female Low-Wage Workers Are Similar.
https://lao.ca.gov/Publications/Report/4878/2

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Ridership fell by more than 50  percent when the pandemic began in 2020. Due to the pandemic-related disruptions, transit agencies projected significant declines in both fare revenues and other state and local funds dedicated to transit.
https://lao.ca.gov/Publications/Report/4890

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - The budget increased the required payment amount for April and June from a total of 50  percent to 60  percent (and reduced the required amount for the rest of the year). This change had the effect of accelerating tax collections from 2009 ‑10 into 2008 ‑09, thereby improving the 2008 ‑09 budget condition.
https://lao.ca.gov/Publications/Report/4722

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - At the other end, average wages in the Bay Area are at least 20  percent higher —and in some counties, 50  percent higher —than the statewide average. Some High-Wage Areas Do Not Have Local Minimum Wages.
https://lao.ca.gov/Publications/Report/4878/3

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - A business is eligible for the credit if it (1)  has fewer than 100 employees and (2)  experienced a 50  percent or greater decline in gross income during the second quarter of 2020. The credit can reduce a business ’ personal income tax, corporation tax, or sales tax bill.
https://lao.ca.gov/Publications/Report/4270

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

Mar 23, 2020 - Budget Year Cost Likely More Than $50   Million. The proposal likely will cost somewhat more than $ 50  m illion in 2020 ‑21. While corporations pay the CT four months after the end of the tax year, corporations and noncorporate businesses must pay the minimum franchise tax during the taxable year.
https://lao.ca.gov/Publications/Report/4207

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - For tax year 2021 only, filers are allowed to claim up to 50  percent of the first $8,000 of expenses for one child under age 13 or the first $16,000 of expenses for two or more children. As Figure  2 below shows, the 2021 credit percentage starts to phase down at a much higher income level than under prior law.
https://lao.ca.gov/Publications/Report/4410