The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Across the budget window (2021 ‑22 through 2023 ‑24), our revenue projections are $11  billion lower than the administration ’s estimates. We discuss our economic and revenue outlook in greater detail here: The 2023‑24 Budget: May Revenue Outlook .
https://lao.ca.gov/Publications/Report/4772

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The ARP made two significant changes to the EITC for 2021: (1)  increased the credit amounts available to childless workers, and (2)  broadened the age range for eligible filers from 24 to 65 years old to 19 and over.
https://lao.ca.gov/Publications/Report/4410

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

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - Annual Report on Tax Exemptions for Medicinal Cannabis June 24, 2022 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  837 of 2019 (SB  34, Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4608

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - In 2020, 11  percent of buses entering service for small transit agencies were ZEBs; by 2022, that share had grown to 38  percent. As described in the “Background ” section, the ICT establishes higher ZEB purchase requirements for large transit agencies than for small transit agencies.
https://lao.ca.gov/Publications/Report/4890

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

Feb 28, 2023 - TV received 70  percent of the credits, with 11  percent going to relocating TV shows. This contrasts with 55  percent under the first film tax credit program. Credit Claims Shifting to Sales Tax. Whereas most of the credits from the first program were claimed against corporation taxes, claims against the sales tax have increased in importance during the time of Program 2.0.
https://lao.ca.gov/Publications/Report/4713

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

Feb 23, 2026 - Actual spending on the Tobacco Licensing Program declined from $9.1  million in 2021 ‑22 to $6.9  million in 2024 ‑25, while actual spending on the Cannabis Tax Program grew from $8.4  million in 2021 ‑22 to $16.2  million in 2024 ‑25.
https://lao.ca.gov/Publications/Report/5132

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - Due to the State Highway Account ’s estimated beginning balance of $3  billion in 2022 ‑23, the revenue loss would not affect projects planned for 2022 ‑23 or 2023 ‑24. The amount of the revenue loss depends on the amount of the rate reduction and on the number of gallons of fuel sold in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4528

Fixing Unemployment Insurance

Dec 2, 2024 - As Figure  2 shows, the outstanding loan balance has remained essentially the same since late 2021. Under the federal loan repayment rules, employers now face escalating federal UI taxes that will be directed toward repaying the loan principal.
https://lao.ca.gov/Publications/Report/4943

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Local Sales Tax Rebates in 2023-24 Local Sales Tax Rebates in 2023-24 Background Bradley-Burns Tax Provides Funding for Cities and Counties. California ’s sales tax rates vary across cities and counties, ranging from 7.25  percent to 11.25  percent.
https://lao.ca.gov/Publications/Report/5074