Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 11, 2026 - Chapter 920 of 2024 (AB 2555, Quirk-Silva) renewed an existing tax exemption for certain donations of medical cannabis products. The law directs our office to submit an annual report containing data on three outcomes related to the exemptions: the number of medicinal cannabis patients served, the amount of medicinal cannabis products donated, and the amount of tax revenue lost.
https://lao.ca.gov/Publications/Detail/5189

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 11, 2026 - In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2025. Number of Patients Served. In 2025, licensees identified 19,877 transactions as medicinal donations.
https://lao.ca.gov/Publications/Report/5189

California New Car Registrations: April 2026 [EconTax Blog]

Jun 4, 2026 - Statewide new car registrations declined steadily for several years leading up to the COVID-19 pandemic. Like many other measures of economic activity, registrations plummeted in March and April 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/862

California New Car Registrations: April 2026 [EconTax Blog]

Jun 4, 2026 - Statewide new car registrations declined steadily for several years leading up to the COVID-19 pandemic. Like many other measures of economic activity, registrations plummeted in March and April 2020.
https://lao.ca.gov/LAOEconTax/article/Detail/862

Proposition 98 Spending Proposals Under May Revision [EdBudget]

May 29, 2026 - The associated ongoing cost is built into apportionments in 2026-27. g Related and supplemental instruction costs for apprenticeship programs in 2024‑25 and 2025‑26 are higher than budgeted. COLA = cost-of-living adjustment, LCFF = Local Control Funding Formula, and COE = county office of education.
https://lao.ca.gov/Education/EdBudget/Details/1095

Cannabis Tax Revenue Update (2026 Q1) [EconTax Blog]

May 27, 2026 - Looking further ahead, our preliminary revenue projection for 2026-27 is $642 million, which is $28 million above the May Revision forecast for that year.  
https://lao.ca.gov/LAOEconTax/article/Detail/861

Cannabis Tax Revenue Update (2026 Q1) [EconTax Blog]

May 27, 2026 - Looking further ahead, our preliminary revenue projection for 2026-27 is $642 million, which is $28 million above the May Revision forecast for that year.  
https://lao.ca.gov/LAOEconTax/Article/Detail/861

The 2026-27 Budget: Permanent Business Credit Limitation [EconTax Blog]

May 18, 2026 - In response to budget pressures associated with the COVID-19 pandemic, the state imposed a temporary $5 million annual limitation on the use of business tax credits for tax years 2020 and 2021. Most recently, the state enacted another temporary $5 million annual limitation for tax years 2024 through 2026.
https://lao.ca.gov/LAOEconTax/Article/Detail/860

The 2026-27 Budget: Permanent Business Credit Limitation [EconTax Blog]

May 18, 2026 - In response to budget pressures associated with the COVID-19 pandemic, the state imposed a temporary $5 million annual limitation on the use of business tax credits for tax years 2020 and 2021. Most recently, the state enacted another temporary $5 million annual limitation for tax years 2024 through 2026.
https://lao.ca.gov/LAOEconTax/article/Detail/860

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - Note: The Governor also proposes solutions that yield savings in the out ‑years. Notably, the administration proposes reducing Middle Class Scholarship award coverage by half in 2026 ‑27, for ongoing General Fund savings of $524 million.
https://lao.ca.gov/Publications/Report/5187/2