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

Jan 26, 2022 - The administration estimates that the NOL suspension increased revenues by about $2  billion  in 2020 ‑21. Figure 1 NOLs Deducted by Selected Taxpayers 2019 Number of Returns With NOLs, Business Income >$1 Million Amount of NOLs Claimed (Billions) Personal Income Tax Returns
https://lao.ca.gov/Publications/Report/4500

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

Mar 18, 2025 - First, some firms lack tax liability in California due to ongoing and substantial use of other tax deductions and credits, most commonly the Research & Development Tax Credit and the Net Operating Loss deduction.
https://lao.ca.gov/Publications/Report/5018

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - To address this, the 2021, 2022, and 2023 budget acts each provided one-time funding of $120  million for a grant program to supplement the tax credit. The Governor ’s budget proposals in 2024 and 2025 each included $60  million to fund the grant program but were not included in the final budget act due to projected deficits in those years.
https://lao.ca.gov/Publications/Report/5162

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - Specifically, the minimum funding requirement would go down by roughly $2  billion in 2023 ‑24 and remain the same amount in 2024 ‑25. The revenue shift also would have minor effects on Proposition  2 (2014) reserve requirements.
https://lao.ca.gov/Publications/Report/4722

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - The program awarded this funding to local agencies in the spring of 2023. Second, the program received $4  billion —$2  billion in 2023-24 and $1  billion planned for both 2024-25 and 2025- 26 —to provide on a formula basis to local agencies for capital and/or operational expenses.
https://lao.ca.gov/Publications/Report/4890

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

Feb 11, 2022 - Expand Export Training Network. $2  million, one time, to expand an existing program in the international affairs and trade unit of GO ‑Biz that helps business owners export their products to other countries.
https://lao.ca.gov/Publications/Report/4529

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Substantial Rebates in Many Counties … As shown in Figure  2, 2023-24 rebate payments varied across counties. In nine counties, rebates exceeded $5 per resident. In seven others, rebates ranged from $1 to $5 per resident.
https://lao.ca.gov/Publications/Report/5074

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - That said, two factors could make the net increase in GHG emissions modest —perhaps even zero. First, a temporary price reduction of a few cents per gallon likely would result in a small increase in fuel consumption.
https://lao.ca.gov/Publications/Report/4528

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Figure  2 displays the results. These estimates are very similar to the numbers in Figure  1, indicating that recent immigration does not explain those age patterns. Rates of Low-Wage Work as Workers Age Although we do not have state-level data tracking specific individuals over long periods of time, the monthly CPS provides reasonably consistent measurements of workers ’ ages and wages every month from 2002 through 2023.
https://lao.ca.gov/Publications/Report/4878/2

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Of these positions, the control section directs DOF to identify positions proposed for elimination that had been authorized to implement legislation passed in 2022 and 2023. DOF identified 116.5 positions that fall into this category.
https://lao.ca.gov/Publications/Report/5081/