Fixing Unemployment Insurance

Dec 2, 2024 - Although a federal surcharge on businesses will help repay the federal loan, the surcharge cannot help the state build reserves after the loan is repaid. This is because the surcharge turns off once the loan balance reaches zero.
https://lao.ca.gov/Publications/Report/4943

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

Feb 28, 2025 - If Protecting Market Share a Priority, Use of Benchmarks Would Help Improve Fiscal Oversight of Credit. If the Legislature elects to expand the credit, utilizing explicit benchmarks that compare the desired market share to the state ’s current position would help improve fiscal oversight of the credit.
https://lao.ca.gov/Publications/Report/5000

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - Entities paying this tax are required to submit an electronic return and pay taxes quarterly, no later than the q uarter after the sales were made. As Chapter  231 went through the legislative policy process, the California Department of Tax and Fee Administration (CDTFA) preliminarily estimated that this new tax could generate $159  million.
https://lao.ca.gov/Publications/Report/4970

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - Most of these revenues pay for health care or early childhood programs. The Cigarette and Tobacco Licensing Program monitors tobacco retailers for compliance with various state laws. This fee-funded program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998.
https://lao.ca.gov/Publications/Report/4966

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - This prepayment of corporate and personal income tax throughout the year improves compliance and helps align the timing of tax payments with earnings. For many years, the state directed taxpayers to make four roughly equal estimated tax payments.
https://lao.ca.gov/Publications/Report/4722

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - What Are the Private Sector Options to Help Homeowners Pay Property Taxes? Private Sector Financing Options Can Help Homeowners Pay Property Taxes. When homeowners cannot afford to pay property taxes, they have some options to borrow against the equity in their homes.
https://lao.ca.gov/Publications/Report/3885

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Businesses covered by the fast-food law must pay their employees at least $20 per hour starting April 1, 2024. As originally enacted, the health care facility law would impose various pay requirements starting June 1, 2024.
https://lao.ca.gov/Publications/Report/4878

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - We note that if adopting common data standards would significantly alleviate supply chain congestion, there would be a clear private ‑sector interest in paying to implement the recommendations using their own  funds.
https://lao.ca.gov/Publications/Report/4529

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Corporations Exempted From Paying Minimum Franchise Tax in First Year of Business . Since 1998, newly formed corporations have been exempted from paying the $ 800 m inimum franchise tax in their first year of business.
https://lao.ca.gov/Publications/Report/4207

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Training costs might include worker pay during training, costs for curriculum development, and instructor pay. CWDB does not customarily fund the construction of physical infrastructure —in this case, the campus itself.
https://lao.ca.gov/Publications/Report/4540