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

Jan 26, 2022 - Net Operating Loss Deductions Smooth Business Profits and Losses Over Time. Companies and individuals often incur operating losses associated with their business activities in some years. These companies are able to carry the net operating losses (NOLs) forward into future tax years and deduct NOLs from their operating income.
https://lao.ca.gov/Publications/Report/4500

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - To address this, the 2021, 2022, and 2023 budget acts each provided one-time funding of $120  million for a grant program to supplement the tax credit. The Governor ’s budget proposals in 2024 and 2025 each included $60  million to fund the grant program but were not included in the final budget act due to projected deficits in those years.
https://lao.ca.gov/Publications/Report/5162

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - Based on our November revenue forecasts, this change would reduce General Fund revenues by roughly $5  billion in 2023 ‑24. Returning to the historical payment schedule would have little net effect on revenue in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4722

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Strikingly, net mobility out of low-wage work seems to stop abruptly when workers are in their early 30s. Between the ages of 32 and 40, the estimated rate of low-wage work declines so slowly that it is nearly flat.
https://lao.ca.gov/Publications/Report/4878/2

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Local Sales Tax Rebates in 2023-24 Local Sales Tax Rebates in 2023-24 Background Bradley-Burns Tax Provides Funding for Cities and Counties. California ’s sales tax rates vary across cities and counties, ranging from 7.25  percent to 11.25  percent.
https://lao.ca.gov/Publications/Report/5074

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - That said, two factors could make the net increase in GHG emissions modest —perhaps even zero. First, a temporary price reduction of a few cents per gallon likely would result in a small increase in fuel consumption.
https://lao.ca.gov/Publications/Report/4528

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Net incomes also depend on other factors, such as taxes.) Minimum Wage as Policy to Address Poverty. Many policymakers view minimum wages as a way to raise incomes and to reduce the number of people experiencing poverty.
https://lao.ca.gov/Publications/Report/4878/3

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

Mar 18, 2025 - First, some firms lack tax liability in California due to ongoing and substantial use of other tax deductions and credits, most commonly the Research & Development Tax Credit and the Net Operating Loss deduction.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Of these positions, the control section directs DOF to identify positions proposed for elimination that had been authorized to implement legislation passed in 2022 and 2023. DOF identified 116.5 positions that fall into this category.
https://lao.ca.gov/Publications/Report/5081/