The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The Commission determined that Los Angeles County incurred reimbursable costs processing deferment requests and adding the required disclosure to property tax bills. The Commission determined that the county incurred a total amount of about $30,000 in back-year costs (incurred between 2022 and 2024), and about $8,000 in ongoing costs thereafter.
https://lao.ca.gov/Publications/Report/5130

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

Mar 18, 2025 - If the Legislature approves this proposal, we recommend adding explicit requi rements to assess a grant applicant ’s inability to use tax credits. California Regional Initiative for Social Enterprises Grant Program.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Control Sections 90.00 and 90.01 During the special session called by the Governor, the Legislature added Control Sections 90.00 and 90.01 to the 2024-25 Budget Act providing up to $2.5  billion one-time from the General Fund for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5081

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

Feb 28, 2025 - Since the credit is consistently oversubscribed, increasing t he annual cap would likely result in a corresponding increase in credits awarded. Legislature ’s Response to Proposal Should Depend on the Importance of Protecting Hollywood Relative to Other Goals.
https://lao.ca.gov/Publications/Report/5000

Fixing Unemployment Insurance

Dec 2, 2024 - As Figure  10 shows with some illustrative numbers, this employment tax raises the cost of adding a new employee to a business and that cost is proportionately higher for a low wage worker than a high wage worker.
https://lao.ca.gov/Publications/Report/4943

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

Feb 28, 2023 - Two studies that better reflects this research finding suggest tha t each $1 of film credit results in $0.20 to $0.50 of state revenues (Owens and Rennhoff [2020]), Rickman and Wang [2020]). Governor’s Proposal to Extend the Credit Extend the Credit for Five Years.
https://lao.ca.gov/Publications/Report/4713

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Eligibility is restricted to firms that meet two conditions: ( 1)  t hey have 100 o r fewer employees and ( 2)  t heir gross receipts dropped by at least half between the second quarter of 2019 and the second quarter of 2020.
https://lao.ca.gov/Publications/Report/4327

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Of course, some workers at these ages presumably move from low-wage jobs to mid-to-high-wage jobs, but such movement does not appear to be much larger than movemen t in the opposite direction. Substantial Share of Workers in Their Late Thirties Are in Low-Wage Jobs.
https://lao.ca.gov/Publications/Report/4878/2

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - In 2020, licensees identified 13, 278 t ransactions as medicinal donations. The data do not tell us who received each donation. Some patients likely received more than one donation in 2020, so this total likely overstates the number of distinct patients.
https://lao.ca.gov/Publications/Report/4447