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

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Report/4500

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

Feb 23, 2026 - We recommend that the Legislature adopt a modified version of this proposal and conside r whether new provisional language is needed to prevent such problems from recurring. Background Cannabis Tax Program.
https://lao.ca.gov/Publications/Report/5132

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This change is estimated to reduce state r evenues by $135  million in fiscal year 2025-26 and $85  million annually thereafter. Excludes Wildfire Settlements From State Income Taxation. The budget package provides a blanket exemption for settlements related to any wildfire occurring between tax years 2021 and 2029.
https://lao.ca.gov/Publications/Report/5081/

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

Mar 18, 2025 - The NSTC is a cooperative public-private effort to advance semiconductor research and development (R &D). Natcast is the nonprofit organization in charge of the NSTC. Natcast Currently Relies on Federal Funding.
https://lao.ca.gov/Publications/Report/5018

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - For example, the Legislature could supplement the Governor ’s $ 100  m illion by ( 1)  r olling over unused funds from the 2020 Main Street Credit and ( 2)  r edirecting $ 250  m illion from the Governor ’s California Competes grant proposal to this program.
https://lao.ca.gov/Publications/Report/4327

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Key factors contributing to the current uncertainty include the degree to which businesses and workers begin to expect heightened inflation in future years, the degree to which actions by the Federal R eserve to reduce inflation are successful, and changes in geopolitical events affecting food and energy prices.
https://lao.ca.gov/Publications/Report/4647

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - Our 2018 r eport, Assessing California’s Climate Policies: An Overview , provides a conceptual overview of the potential economic effects of state GHG reduction policies and explains key economic concepts and the challenges in estimating the overall effects of the policies.
https://lao.ca.gov/Publications/Report/4331