The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - However, Proposition  19 (2020) allows certain homeowners (such as people who are 55 years or older) to transfer their existing home value for property tax purposes to a new home anywhere in the state.
https://lao.ca.gov/Publications/Report/5130

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

Feb 23, 2026 - In 2025, the Legislature and the Governor took a couple of actions to align the Compliance Fund more closely with projected program costs under the new flavor ban laws. First, the budget act included a one ‑year $3.5  million increase in the appropriation for the Tobacco Licensing Program.
https://lao.ca.gov/Publications/Report/5132

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 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Please see the “New and Ongoing Efforts to Achieve Efficiencies” section of our post for more information.) This decrease is largely due to the expiration of limited term funding provided in prior years.
https://lao.ca.gov/Publications/Report/5081/

Updating the California Necessities Index

Aug 14, 2025 - First, the new measure should —to the extent feasible —minimize quantitative differences from the old measure. To assess this, we calculate each new measure using data from prior years and calculate the difference between each new measure and the CNI in prior years.
https://lao.ca.gov/Publications/Report/5065

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - A new law, Chapter  842 of 2024 (AB  2854, Irwin), requires local governments to provide information on these agreements each year, starting with fiscal year 2023-24. We describe some key aspects of these rebates in the next section.
https://lao.ca.gov/Publications/Report/5074

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2025 - In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2024. Number of Patients Served. In 2024, licensees identified 30,215 transactions as medicinal donations.
https://lao.ca.gov/Publications/Report/5059

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

Mar 18, 2025 - It provides nonrefundable tax credits to companies in exchange for a commitment to increase employment and investment in the state over several years. GO-Biz selects applicants via a competitive application process and negotiates individual agreements with each successful applicant, including year-by-year milestones an d corresponding credit allocations.
https://lao.ca.gov/Publications/Report/5018

Sales Tax Exemption for Bunker Fuel

Nov 19, 2025 - This approach yields an estimate of 8.6  million barrels for fiscal year 2024-25. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/5094

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

Feb 28, 2025 - There are a few notable elements of California ’s tax credit that differ from some of its main competitors in the industry (New York, Georgia, New Mexico, Canada, and the United Kingdom). California is the only state that has an explicit competitive element to its tax credit, as it ranks projects using a formula that weighs the wages that will be generated by a production versus the value of credits that will be allocated t o that project.
https://lao.ca.gov/Publications/Report/5000