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/

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 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - The annual amount of credit claims per year has settled in the range of $150  million to $200  million for the last several years. Claims were lower in the first several years of the program because (1)  the amount of credits available was lower and (2)  credit claims often lag behind the initial award as taxpayers can carry forward credits if they do not have sufficient tax liability in that year.
https://lao.ca.gov/Publications/Report/5000

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 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - From 2017  to 2021, around $500  million in credits ($275  million from Program  2.0) have been claimed against corporation taxes. Over the same time period, around $300  million in credits were claimed against the sales tax.
https://lao.ca.gov/Publications/Report/4713

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

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - California has more than 200 transit agencies operating vehicles such as buses, trains, ferries, and paratransit vans. Local governments, such as cities, counties, and local transit authorities, generally own and operate these agencies.
https://lao.ca.gov/Publications/Report/4890

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

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - As shown in the figure, likely between $500  million and $1  billion annually in UI payments went unpaid in recent years. (This figure does not account for workers who were eligible for UI but did not apply.)
https://lao.ca.gov/Publications/Report/4615

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - The Governor ’s budget includes $6  million from the General Fund in 2022 ‑23 for DMV to fund overtime for 200 Licensing Registration Examiners, as well as the necessary office and support staff, so that field offices with wait times of 30 days or more for commercial drive tests can offer additional testing slots on Saturdays.
https://lao.ca.gov/Publications/Report/4540