The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The Governor proposes to increase the total amount of California Competes credits that GO ‑Biz may award in 2020 ‑21 and 2021 ‑ 22 b y $ 90  m illion per year. The administration estimates that the resulting reductions in General Fund revenue would be $ 10  m illion in 2021 ‑22, $ 35  m illion in 2022 ‑23, $ 50  m illion in 2023 ‑24, and $ 85  m illion in later years.
https://lao.ca.gov/Publications/Report/4327

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - As a result of these incentives and generally lower baseline costs (such as wages), these countries have gained some m arket share at the expense of the U.S. in recent years. Structure of California ’s Incentive Differs From Main Competitors.
https://lao.ca.gov/Publications/Report/5000

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - We found that the $ 800  m illion program may have increased the state ’s economic output by between $ 6  b illion and $ 10  b illion over ten years. Our report also highlighted key areas of uncertainty and additional factors the legislature should consider beyond the bottom line economic results of the analysis —such as opportunity costs and the policy objective of the program which was to strategically counter aggressive film tax credits offered by other states.
https://lao.ca.gov/Publications/Report/4331