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

Jan 26, 2022 - Figure 1 NOLs Deducted by Selected Taxpayers 2019 Number of Returns With NOLs, Business Income >$1 Million Amount of NOLs Claimed (Billions) Personal Income Tax Returns
https://lao.ca.gov/Publications/Report/4500

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

Feb 23, 2026 - We recommend that the Legislature adopt a modified version of this proposal and conside r whether new provisional language is needed to prevent such problems from recurring. Background Cannabis Tax Program.
https://lao.ca.gov/Publications/Report/5132

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This amount includes $10  million for Federation Internationale de Football Association (FIFA) World Cup security costs, $10  million for Family Justice Centers, and $8  million to the City of Los Angeles for fire engine purchases.
https://lao.ca.gov/Publications/Report/5081

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Figure  1 shows the value of credits claimed each year since the program ’s inception in 2014. Because applicants must provide sufficient evidence that the credit will influence their employment and investment decisions in the state, GO-Biz often does not award all tax credits available to be allocated in a given fiscal 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 California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues available to fully cover the associated costs.
https://lao.ca.gov/Publications/Report/5130

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

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - For example, the Legislature could supplement the Governor ’s $ 100  m illion by ( 1)  r olling over unused funds from the 2020 Main Street Credit and ( 2)  r edirecting $ 250  m illion from the Governor ’s California Competes grant proposal to this program.
https://lao.ca.gov/Publications/Report/4327

The 2018-19 Budget: The Administration’s Proposition 55 Estimates

Mar 1, 2018 - In particular, the administration ( 1)  r educes the amount of available revenues by all BSA deposits, rather than just required deposits, reducing the amount of available revenues, and ( 2)  m akes a variety of choices that result in a larger workload budget, which reduces the available surplus under the calculation.
https://lao.ca.gov/Publications/Report/3765

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Passed by voters in 2004, Proposition   58 r equired the state to make an annual transfer into the BSA. These required deposits were to gradually increase from 1  p ercent of General Fund revenues in 2006 ‑ 07 t o 3  p ercent in 2008 ‑09 and every year thereafter.
https://lao.ca.gov/Publications/Report/3769

Assessing Recent Changes to California Competes

Mar 30, 2020 - About 45  p ercent of the credit agreements are with companies with annual revenue below $ 15  m illion and about 10  p ercent have no annual revenue (but some of these likely are owned by large companies).
https://lao.ca.gov/Publications/Report/4213