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

Feb 19, 2025 - Specifically, lowering the amounts provided to particular programs could increase the likelihood that more of the programs listed in Chapter  231 receive some level of funding. For example, the 2024-25 budget eliminated $9  million in General Fund support for CalVIP beginning in 2025-26 due to the anticipation of GVPSS Fund monies being available to support the program instead.
https://lao.ca.gov/Publications/Report/4970

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax [Publication Details]

Feb 19, 2025 - In this post, we provide an update and comments on the implementation of a new firearm and ammunition tax that went into effect beginning July 2024.
https://lao.ca.gov/Publications/Detail/4970

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

Feb 28, 2025 - State ’s National Market Share Has Declined. Figure  3 shows the evolution of motion picture production employment in California relative to the U.S. Since 2010, California ’s share of employment has decreased from over 54  percent to 46  percent as of 2023, becoming particularly volatile over the last few years.
https://lao.ca.gov/Publications/Report/5000

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Conversely, Black Americans have historically been underrepresented in both Hollywood, and many higher ‑paying fields more generally, relative to their share of the national population. Therefore, representation proportionate to California ’s population is simply one of many statistics that can be considered as part of the state ’s equity objectives.
https://lao.ca.gov/Publications/Report/5036

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

Mar 18, 2025 - In 2022, the federal government enacted the CHIPS and Science Act. This law aims to support and expand the U.S. semiconductor industry. Among many other provisions, the law established the National Semiconductor Technology Center (NSTC) and Natcast.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - In contrast to inspections and citations, the number of tobacco seizures grew by 3  percent. CDTFA reports that it has developed a more targeted approach, focusing the diminishing number of inspections on retailers who are more likely to be out of compliance.
https://lao.ca.gov/Publications/Report/4966