Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Tax Credit Expansions in the American Rescue Plan COVID-19 Tax Credit Expansions in the American Rescue Plan The federal American Rescue Plan (ARP) that passed on March  11 expanded a number of federal income tax credits.
https://lao.ca.gov/Publications/Report/4410

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Program staff must weigh these possibly competing factors, and the high recapture rate cou ld indicate a relative favoring of high-risk, high-rewards projects. In years where the program is fully subscribed, there is an opportunity cost associated with an agreement that is not fulfilled.
https://lao.ca.gov/Publications/Report/5162

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

Feb 28, 2025 - Therefore, we recommend the Legislature consider adopting the Governor ’s proposal only if the Legislature views maintaining California ’s market share of the film industry as a high priority and an end in itself.
https://lao.ca.gov/Publications/Report/5000

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Similarly, Latino and Asian American crew members make up a considerably smaller share of production workforce than their share of California’s overall population. Competition From Other States Most Other States Offer Film Tax Incentives.
https://lao.ca.gov/Publications/Report/4713

Fixing Unemployment Insurance

Dec 2, 2024 - In relative terms, California ’s take ‑up rate is high when compared to other states. However, in absolute terms, and as described in the nearby box, the state ’s take ‑up rate is not particularly high and thus many eligible workers do not apply for or receive benefits.
https://lao.ca.gov/Publications/Report/4943

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Conversely, Black Americans have historically been underrepresented in both Hollywood, and many higher ‑paying fields more generally, relative to their share of the national population. Therefore, representation proportionate to California ’s population is simply one of many statistics that can be considered as part of the state ’s equity objectives.
https://lao.ca.gov/Publications/Report/5036

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The high recapture rate suggests that many businesses with tax credit agreements could not accurately predict their future hiring and investment choices. Additionally, the high recapture rate raises new concerns about the number of new private ‑sector jobs created by this program.
https://lao.ca.gov/Publications/Report/4327

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We suspect that low-wage workers ’ high likelihood of living in three-earner (or more) households might be due largely to California ’s high housing costs. (We further examine housing affordability for minimum-wage workers in another post .)
https://lao.ca.gov/Publications/Report/4878/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Low-Wage Workers More Likely to Be Under 25 Than Mid-to-High-Wage Workers. As shown in Figure  1, just under 30  percent of low-wage workers are younger than 25. In contrast, less than 10  percent of mid-to-high-wage workers fall into this age group.
https://lao.ca.gov/Publications/Report/4878/2

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

Feb 11, 2022 - The Governor proposes to create the Local Government Budget Sustainability Fund to make grants to counties that have high poverty or high unemployment for economic diversification projects. This proposal would supplement the CERF, funding additional economic diversification projects.
https://lao.ca.gov/Publications/Report/4529