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

Mar 18, 2025 - The 2022-23 budget provided $25  million one-time General Fund for the program within the California Office of the Small Business Advocate (CalOSBA) to be spent in 2022-23 and 2023-24. Grant Applications Were Evaluated by Contractor REDF.
https://lao.ca.gov/Publications/Report/5018

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

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

Jan 26, 2022 - The 2022-23 Budget: Temporary Limits on Business Tax Provisions The 2022‑23 Budget Temporary Limits on Business Tax Provisions Summary. This post provides background on temporary limits on the use of net operating loss deductions and business tax credits.
https://lao.ca.gov/Publications/Report/4500

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance The 2022‑23 Budget Federal Tax Conformity for Federal Business Assistance Summary. This post provides background on federal COVID ‑19 business assistance programs and describes the Governor ’s proposal to modify state tax laws as they relate to some of these grant programs.
https://lao.ca.gov/Publications/Report/4501

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Provide free transit services. a a Included in Governor ’s proposed package of actions. b Governor proposed deferring scheduled inflation increases to gasoline and diesel excise tax rates in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4597

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The full-time median estimates in Figure  6 are the exception: when we limit the sample to full-time workers only, the F-statistic is around 22 to 23. Other Explanatory Variables. The Arellano and Bonhomme (2017) model assumes that the probability of responding to the wage question is positive for all observed combinations of regressors.
https://lao.ca.gov/Publications/Report/4878/4

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The 2019 ‑ 20 b udget package made a number of ongoing program augmentations subject to suspension on December 31, 2021 i f the budget did not collect sufficient revenues to fund them. Our office estimated the full ‑year savings —in 2022 ‑ 23 —of suspending these expenditures was $1. 7  b illion.
https://lao.ca.gov/Publications/Report/4135

Evaluation of the Better for Families Tax Refund [Publication Details]

Apr 1, 2024 - Submitted in accordance with Section 7(b)(1) of Chapter 51 of 2022 (AB 192, Committee on Budget) that directs our office to evaluate the extent to which the Better for Families tax refund helped families meet the demands of inflation during the pandemic.
https://lao.ca.gov/Publications/Detail/4891

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