The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
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 - For programs to work as expected, departments must complete many tasks. For example, when taxpayers file returns, CDTFA must process every return. We often call these tasks workload. Proactive enforcement activities —such as field inspections —are different.
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

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

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Substantial Rebates in Many Counties … As shown in Figure  2, 2023-24 rebate payments varied across counties. In nine counties, rebates exceeded $5 per resident. In seven others, rebates ranged from $1 to $5 per resident.
https://lao.ca.gov/Publications/Report/5074

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - For many taxpayers, this election also has the effect of reducing their federal taxes. The budget package (1)  extends the PTET through tax year 2030, and (2)  allows taxpayers to make a late prepayment for tax years 2026 onward, subject to a 12.5  percent reduction in the corresponding credit.
https://lao.ca.gov/Publications/Report/5081/

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - This will allow many filers with zero liability to benefit from the credit. Under prior law, many filers who were eligible for the highest credit amounts did not benefit from the credit because their incomes were too low to have positive liability.
https://lao.ca.gov/Publications/Report/4410

Updating the California Necessities Index

Aug 14, 2025 - In Many Years, Differences Are Large. Further, the difference between the CNI and the CA CPI ‑U and CA CPI ‑W is often large. Figure  2 shows differences between the proposed measures in each year since 1978.
https://lao.ca.gov/Publications/Report/5065

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Conversely, Black Americans have historically been underrepresented in both Hollywood, and many higher ‑paying fields more generally, relative to their share of the national population. Therefore, representation proportionate to California ’s population is simply one of many statistics that can be considered as part of the state ’s equity objectives.
https://lao.ca.gov/Publications/Report/5036