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

Feb 28, 2025 - Currently, credit recipients must submit a work plan that includes explicit diversity goals and is approved by the CFC. Starting with awards made in 2025 ‑26, a production can receive an additional 4  percent credit if they submit a work plan to CFC and CFC determines that the recipient has made a “good ‑faith effort ” to achieve the goals in the work plan.
https://lao.ca.gov/Publications/Report/5000

Fixing Unemployment Insurance

Dec 2, 2024 - This likely further exacerbates the already existing negative employment effects of a payroll taxes and means the state ’s current tax system could be unnecessarily deterring hiring of lower wage workers.
https://lao.ca.gov/Publications/Report/4943

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - High Recapture Rate Can be Seen as a Feature … On one hand, high recapture rates can be seen as not a significant issue, and even a sign that the program is working as intended: Companies are incentivized by a tax break if they manage to achieve agreed-upon job and investment targets, but if they fail to do so, the state incurs no expense since the credit is never claimed or is paid back to the state.
https://lao.ca.gov/Publications/Report/5162

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Miller, Keaton and Boyoung Seo (2019). “Tax Revenues When Substances Substitute: Marijuana, Alcohol, and Tobacco. ” Mimeo, University of Oregon. National Academies of Sciences, Engineering, and Medicine (2017).
https://lao.ca.gov/Publications/Report/4125

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

Mar 18, 2025 - Second, startup firms often generate negative profits for many years before turning a profit (if at all), potentially over the timeframe that tax credits can be carried forward. Evidence Points to Effectiveness of Tax Credit for Job Creation.
https://lao.ca.gov/Publications/Report/5018

Review of the California Competes Tax Credit

Oct 31, 2017 - Credits to Tradable Businesses May Still Have Negative Impacts. Providing credits to tradable businesses can still result in the same negative effects associated with credits awarded to non ‑tradable business.
https://lao.ca.gov/Publications/Report/3709

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

Feb 23, 2026 - The administration appears to have approached this issue by trying to “work within CDTFA ’s budget. ” Viewed through this department ‑level lens, one could argue that spending General Fund on the Cannabis Tax Program makes sense.
https://lao.ca.gov/Publications/Report/5132

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - Evaluating State Economic Stimulus Proposals How Does Economic Stimulus Work? Economic stimulus may be accomplished through either spending increases or tax reductions. The state sometimes adopts a new program with economic stimulus as the primary objective.
https://lao.ca.gov/Publications/Report/4331

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - California’s Low-Wage Workers and Minimum Wage California ’s Low-Wage Workers and Minimum Wage How Long Do People Stay in Low-Wage Work? In discussions about minimum wages, policymakers often express differing views about mobility out of low-wage work.
https://lao.ca.gov/Publications/Report/4878/2

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - and Figures 1 and 2 in the post How Long Do People Stay in Low-Wage Work? For these figures, we define low-wage workers as employees who made up to $17.50 per hour at their main job in 2023. Estimate Probit Regressions.
https://lao.ca.gov/Publications/Report/4878/4