The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - Subject to Legislative Appropriation $50.0 CDE Program or activities (such as physical security improvements and school ‑based mental health services) addressing risk factors for gun violence affecting K ‑12 students. 3 15.0 JC Court ‑based firearm relinquishment grant program to facilitate removal of firearms and ammunition from individuals who become prohibited from owning or
https://lao.ca.gov/Publications/Report/4970

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Funds Initiatives to Improve Coordination in Workforce Development. The 2025-26 budget includes funding for two initiatives, one in the LWDA and one in the Government Operations Agency (GovOps), to improve coordination between the state ’s workforce development and education agencies.
https://lao.ca.gov/Publications/Report/5081/

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Financial companies primarily exist to manage their owners ’ investments and assets. The Internal Revenue Service reports that half of all LLCs and partnerships in the U.S. are real estate rental and leasing businesses and 10  p ercent are financial companies.
https://lao.ca.gov/Publications/Report/4207

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

Feb 28, 2025 - If Protecting Market Share a Priority, Use of Benchmarks Would Help Improve Fiscal Oversight of Credit. If the Legislature elects to expand the credit, utilizing explicit benchmarks that compare the desired market share to the state ’s current position would help improve fiscal oversight of the credit.
https://lao.ca.gov/Publications/Report/5000

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

Mar 18, 2025 - During the first round of CA RISE grants, REDF rated the 161 ESEs that applied based on the legally required criteria: strength of the business model, employment program model, leadership, and financial stability.
https://lao.ca.gov/Publications/Report/5018

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Should common data standards be widely adopted, these changes could not only alleviate port congestion in California, but also improve freight operations globally. …But State Role Is Unclear. As we noted in our overarching comments, it is reasonable for the state to have an interest in promoting goods movement given the importance of trade to the state ’s economy.
https://lao.ca.gov/Publications/Report/4540

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - This policy provides little benefit in the way of promoting homeownership or improving housing affordability and primarily benefits higher-income taxpayers. Eliminating the mortgage interest deduction for second homes c ould increase PIT revenue by about $250  million per year.
https://lao.ca.gov/Publications/Report/4238

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Tourism Marketing Visit California Promotes State as Tourism Destination. The California Travel and Tourism Commission, doing business as Visit California, is a 501(c)(6)  nonprofit mutual benefit corporation that operates a massive marketing program to increase in ‑state, domestic, and international tourism.
https://lao.ca.gov/Publications/Report/4529

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Whether this additional incentive will be enough to improve diversity remains to be seen and necessitates ongoing evaluation by the Legislature. We offer some considerations for these future evaluations below.
https://lao.ca.gov/Publications/Report/5036

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

May 12, 2022 - In response to these trends, both the Governor and members of the Legislature have expressed interest in providing relief to Californians experiencing financial hardships, particularly from high fuel costs.
https://lao.ca.gov/Publications/Report/4597