The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - In 2018, more than 75  p ercent of total income from S corporations and partnerships went to filers with more than $500, 000 o f income. Taxpayers with incomes over $500, 000 m ake up about 2  p ercent of all taxpayers.
https://lao.ca.gov/Publications/Report/4327

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

Feb 23, 2026 - Second, the Legislature passed and the Governor signed Chapter  269 (AB  573, Rogers). This law will raise the annual license fee from $265 to $450 on July 1, 2026. It also authorized CDTFA to make further fee adjustments to cover program costs.
https://lao.ca.gov/Publications/Report/5132

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - When enacted, the budget assumed annual General Fund savings of $500  million in 2025-26 that was expected to grow to roughly $2  billion General Fund by 2028-29 across three departments —California Departments of Corrections and Rehabilitation (CDCR), Health Care Services (DHCS), and Social Services.
https://lao.ca.gov/Publications/Report/5081/

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Child Tax Credit Under prior law, the CTC provided filers with income below $200,000 ($400,000 for joint filers) a credit of up to $2,000 for every dependent from ages 0 to 16, and up to $500 for dependents 17 and older.
https://lao.ca.gov/Publications/Report/4410

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

Jan 26, 2022 - The administration estimates that this change would reduce state tax revenues by about $500  million over several years. LAO Comments Proposal Consistent With Previous Legislative Action. Assembly Bill  80 partially conformed state law with federal tax treatment of other federal pandemic ‑related economic relief programs.
https://lao.ca.gov/Publications/Report/4501

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

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Credits may be used to offset either personal income or corporation taxes and can be carried forward for up to six years. Over 1,200 credit agreements have been approved by GO-Biz since the program ’s inception.
https://lao.ca.gov/Publications/Report/5162

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Signs of Imbalance in the UI Program. In this report, we highlight five key signs of the state ’s imbalanced UI program. First, the department improperly denies many UI applications. More than half of EDD denials are overturned on appeal, while less than one ‑quarter are overturned in the rest of the country.
https://lao.ca.gov/Publications/Report/4615

Fixing Unemployment Insurance

Dec 2, 2024 - (To raise the same amount of money under the state ’s current taxable wage base of $7,000, the standard tax rate would need to be 5  percent, well above the state ’s current tax rate of 3.5  percent.)
https://lao.ca.gov/Publications/Report/4943

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

Feb 28, 2023 - Base: 20% of qualified spending, plus additional: Base: 20% of qualified spending, plus additional: Independent films: 25% 5% of spending outside LA 5% of visual effects 5% to 10% of spending outside LA (up to 30% total) 5% of visual effects Independent films and relocating television: 25% Independent films and relocating television: 25% Other Requirements Complete “career readiness ” requirement.
https://lao.ca.gov/Publications/Report/4713