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

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Report/4500

Sales Tax Exemption for Bunker Fuel

Nov 19, 2025 - In the same month, the average prices per metric ton of marine gas oil in the Americas and in the Asia-Pacific region were $837 and $786, respectively. Maritime Fuel Deliveries. To estimate California deliveries of residual fuel oil (a major type of maritime fuel), we combine data from a couple of sources.
https://lao.ca.gov/Publications/Report/5094

Updating the California Necessities Index

Aug 14, 2025 - Therefore, using the CA CPI ‑U or CA CPI ‑W to adjust payments would likely result in significantly different benefit increases in some years relative to the CNI. Small Tweaks to CNI Lead to Only Small Differences.
https://lao.ca.gov/Publications/Report/5065

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

Feb 28, 2023 - Owens, Mark F., and Adam D. Rennhoff. “Motion picture production incentives and filming location decisions: a discrete choice approach. ” Journal of Economic Geography 20.3 (2020): 679 ‑709. Rickman, Dan, and Hongbo Wang.
https://lao.ca.gov/Publications/Report/4713

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The 2025-26 budget package assumes ongoing savings of $489.8  million ($182.3  million General Fund) (see Attachment 3 of the May 14, 2025 DOF letter) resulting from the permanent elimination of 6,002 vacant positions beginning in 2025-26 (see Attachment 4 of the May 14, 2025 DOF letter).
https://lao.ca.gov/Publications/Report/5081

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

Mar 18, 2025 - GO-Biz selects applicants via a competitive application process and negotiates individual agreements with each successful applicant, including year-by-year milestones an d corresponding credit allocations.
https://lao.ca.gov/Publications/Report/5018

An Overview of California’s Research and Development Credit [Publication Details]

Nov 30, 2003 - The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool. Choose your language:
https://lao.ca.gov/Publications/Detail/1064

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - As a result, in undersubscribed years the judgment of program staff in determining which projects merit awards becomes especially important to the program ’s effectiveness. Recommendations Approve Extension of California Competes.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - In particular, state law directs our office to report on the annual state costs for new mandates and make recommendations to the Legislature as to whether the new mandates should be (1)  repealed (permanently eliminating it or making it optional), (2)  suspended (rendering it inoperative for one year), (3)  modified, or (4)  funded.
https://lao.ca.gov/Publications/Report/5130

An Update on California’s Cash Management Situation

Aug 31, 2020 - The key reason the state ’s available cash cushion continues to remain sizeable is that, despite projected declines, the state ’s balances of internal borrowables are expected to remain high in historical terms (see Figure 4).
https://lao.ca.gov/Publications/Report/4266