The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Of the $1.2  billion in awards made between 2021 and 2025, around $650  million, or over half, has been allocated to businesses in advanced manufacturing. This category covers subsectors such as electronics and semiconductors, aerospace, battery technology, and biotechnology.
https://lao.ca.gov/Publications/Report/5162

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

Feb 23, 2026 - Actual spending on the Tobacco Licensing Program declined from $9.1  million in 2021 ‑22 to $6.9  million in 2024 ‑25, while actual spending on the Cannabis Tax Program grew from $8.4  million in 2021 ‑22 to $16.2  million in 2024 ‑25.
https://lao.ca.gov/Publications/Report/5132

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

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 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

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Chapter  114 of 2021 (S B  144 , Portantino) required our office to issue a report summarizing the workforce diversity information collected by the California Film Commission (CFC) and evaluate the effectiveness of the tax credit for increasing diversity.
https://lao.ca.gov/Publications/Report/5036

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 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

Biannual Report on Truck Deliveries

Dec 1, 2021 - From January 1, 2020 through October 20, 2021, roughly 130,000 commercial vehicles over 6,000 pounds were purchased out of state and registered in California. On an annualiz ed basis, these vehicles represent roughly 1  percent of the state ’s commercial vehicle registrations.
https://lao.ca.gov/Publications/Report/4479

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - In  anticipation of a $54  billion budget problem, Chapter  8 of 2020 (A B  85 , Committee on Budget) limited the use of net operating loss deductions and business credits for 2020, 2021, and 2022 to temporarily increase tax revenue.
https://lao.ca.gov/Publications/Report/4500