The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - This is because most of the businesses that would benefit from conforming to the federal tax tr eatment of these grants have operating losses and will not owe taxes this year, or perhaps for several years.  
https://lao.ca.gov/Publications/Report/4501

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943