The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - The 2021 federal Infrastructure Investment and Jobs Act will provide at least an additional $2  billion per year over five years for state and local transportation projects. Governor ’s Proposal Lower Fuel Tax Rates in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4528

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

Jan 26, 2022 - The 2022-23 Budget: Temporary Limits on Business Tax Provisions The 2022‑23 Budget Temporary Limits on Business Tax Provisions Summary. This post provides background on temporary limits on the use of net operating loss deductions and business tax credits.
https://lao.ca.gov/Publications/Report/4500

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - Since the flavor ban, however, revenues have declined much faster, from $1.84  billion in 2021-22 to $1.6  billion in 2022-23, then to $1.35  billion in 2023-24 (not including the new tax on electronic cigarettes).
https://lao.ca.gov/Publications/Report/4966

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

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - In 2021 ‑22 and 2022 ‑23, the Legislature committed to future one ‑time and temporary spending in 2023 ‑24 and beyond. Most of this spending no longer appears to be affordable. While the May Revision makes several billion dollars in spending reductions, it maintains $11  billion in one ‑time and temporary spending in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4772

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - We also summarize these considerations in Figure  2 . Figure 2 Key Considerations for Designing a Fiscal Relief Package Which groups of Californians to prioritize in providing relief? Which potential policies best align with the Legislature ’s relief priorities?
https://lao.ca.gov/Publications/Report/4597

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Of the $1.2  billion in awards made between 2021 and 2025, around $650  million, or over half, has been allocated to businesses in advanced manufacturing. This category covers subsectors such as electronics and semiconductors, aerospace, battery technology, and biotechnology.
https://lao.ca.gov/Publications/Report/5162

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

Feb 28, 2023 - Evidence from Louisiana and New Mexico. ” Journal of Urban Affairs 43.5 (2021): 658 ‑684. Heinrich, Carolyn J., et al. “Do public employment and training programs work? ” IZA Journal of Labor economics 2 (2013): 1 ‑23.
https://lao.ca.gov/Publications/Report/4713

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

Jan 26, 2022 - The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance The 2022‑23 Budget Federal Tax Conformity for Federal Business Assistance Summary. This post provides background on federal COVID ‑19 business assistance programs and describes the Governor ’s proposal to modify state tax laws as they relate to some of these grant programs.
https://lao.ca.gov/Publications/Report/4501

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget package provides a blanket exemption for settlements related to any wildfire occurring between tax years 2021 and 2029. Previously, state law provided income tax exemptions for wildfire settlements on a case-by-case basis.
https://lao.ca.gov/Publications/Report/5081