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: California Competes Extension

Mar 18, 2026 - For awards made between 2014 and 2020, the recapture rate is almost 55  percent. This indicates that around half of the net job increases and investments promised in negotiated agreements ultimately never come to fruition or are not maintained long term.
https://lao.ca.gov/Publications/Report/5162

Community Land Trust Property Tax Exemption

Dec 20, 2024 - Chapter  636 of 2022 (AB  1206, Bennett) modified the rules community land trust properties must meet to qualify for the property tax exemption, making it easier for properties to maintain their exemption when low-income residents experience a modest gain in income.
https://lao.ca.gov/Publications/Report/4946

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

Feb 23, 2026 - In a November 2022 referendum, voters approved Chapter  34 of 2020 (SB  793, Hill), which bans most sales of flavored tobacco products. ( “Flavored ” refers to non ‑tobacco flavors, such as menthol cigarettes or fruit ‑flavored e ‑cigarettes.)
https://lao.ca.gov/Publications/Report/5132

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - In a November 2022 referendum, voters approved Chapter  34 of 2020 (SB  793, Hill), which bans most sales of flavored tobacco products. ( “Flavored ” refers to non-tobacco flavors, such as menthol cigarettes or fruit-flavored e-cigarettes.)
https://lao.ca.gov/Publications/Report/4966

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - In 2020, 10  percent of buses entering service for large transit agencies were ZEBs; by 2022, that share had grown to 28  percent. In 2020, 11  percent of buses entering service for small transit agencies were ZEBs; by 2022, that share had grown to 38  percent.
https://lao.ca.gov/Publications/Report/4890

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

Jan 26, 2022 - In  anticipation of a $54  billion budget problem, Chapter  8 of 2020 (A B  85 , Committee on Budget) limited the use of net operating loss deductions and business credits for 2020, 2021, and 2022 to temporarily increase tax revenue.
https://lao.ca.gov/Publications/Report/4500

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

Jan 26, 2022 - The programs are closed to new applications as of January 2022. Paycheck Protection Program (PPP). The PPP is a forgivable loan program created in March 2020. This program allowed eligible businesses to borrow funds from private lenders.
https://lao.ca.gov/Publications/Report/4501

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - For example, prices declined from $4.04 per gallon in October 2019 to $2.69 per gallon in May 2020. Prices then rose to $3.02 per gallon by July 2020 and remained around that level through the rest of 2020.
https://lao.ca.gov/Publications/Report/4528

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

Feb 11, 2022 - Visit California Net Assets Increased Significantly in 2020 and 2021. As revenue collections began to decline at the onset of the pandemic in 2020, Visit California sharply reduced its expenditures. The reduction in expenditures outpaced Visit California ’s decline in revenues.
https://lao.ca.gov/Publications/Report/4529