Understanding California Corporate Taxation: Apportionment [EconTax Blog]

Aug 11, 2026 - Apportionment Choices Are Tax-Base Design, Not Tax Expenditures. Single Sales Factor can increase taxes for some firms and reduce taxes for others, but it is not best understood as a tax expenditure in the same sense as a credit, deduction, or exemption.
https://lao.ca.gov/LAOEconTax/Article/Detail/866

Understanding California Corporate Taxation: Apportionment [EconTax Blog]

Aug 11, 2026 - Apportionment Choices Are Tax-Base Design, Not Tax Expenditures. Single Sales Factor can increase taxes for some firms and reduce taxes for others, but it is not best understood as a tax expenditure in the same sense as a credit, deduction, or exemption.
https://lao.ca.gov/LAOEconTax/article/Detail/866

Understanding California Corporate Taxation: Net Operating Loss Deductions [EconTax Blog]

Aug 11, 2026 - The fact that some businesses benefit from NOL treatment does not by itself make that treatment a tax expenditure. At the same time, treating NOL rules as part of the baseline tax structure does not mean every feature of those rules is beyond reconsideration.
https://lao.ca.gov/LAOEconTax/Article/Detail/865

Understanding California Corporate Taxation: Net Operating Loss Deductions [EconTax Blog]

Aug 11, 2026 - The fact that some businesses benefit from NOL treatment does not by itself make that treatment a tax expenditure. At the same time, treating NOL rules as part of the baseline tax structure does not mean every feature of those rules is beyond reconsideration.
https://lao.ca.gov/LAOEconTax/article/Detail/865

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Empirical Evidence Points to Effectiveness of Tax Credit for Job Creation. Recent evidence from academic research has found that the California Competes tax credit is relatively effective at increasing employment and providing an economic benefit to the state, especially relative to other tax expenditure programs in California and elsewhere.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: Permanent Business Credit Limitation [EconTax Blog]

May 18, 2026 - Tax data indicates that a limited number of corporations can offset a large share of their corporate tax liability through accumulated credits. This concentration partly reflects the structure of the research credit itself, which rewards qualified research expenditures above a calculated baseline amount and allows unused credits to be carried forward indefinitely.  
https://lao.ca.gov/LAOEconTax/Article/Detail/860

The 2026-27 Budget: Permanent Business Credit Limitation [EconTax Blog]

May 18, 2026 - Tax data indicates that a limited number of corporations can offset a large share of their corporate tax liability through accumulated credits. This concentration partly reflects the structure of the research credit itself, which rewards qualified research expenditures above a calculated baseline amount and allows unused credits to be carried forward indefinitely.  
https://lao.ca.gov/LAOEconTax/article/Detail/860

Tax Exclusion for Student Loan Forgiveness [Publication Details]

Oct 1, 2026 - Tax Exclusion for Student Loan Forgiveness [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5204

Tax Exclusion for Student Loan Forgiveness

Oct 1, 2026 - Tax Exclusion for Student Loan Forgiveness October 1, 2026 Tax Exclusion for Student Loan Forgiveness This post fulfills the requirement enacted by Chapter  5 of 2023 (AB  111, Committee on Budget) that our office estimate the number of Californians who were able to exclude student loan forgiveness from state income taxation and the total amount of loan
https://lao.ca.gov/Publications/Report/5204

The 2026-27 California Spending Plan: Transportation

Sep 22, 2026 - The program is estimated to receive about $540  million in 2026-27 from state diesel excise tax revenues and federal transportation funds. The budget package includes budget bill language that directs $15  million of 2026-27 TCEP funding to road improvement projects that serve the Port of Los Angeles and the Port of Long Beach.
https://lao.ca.gov/Publications/Report/5200