The 2020-21 Budget: The Governor’s Cannabis‑Related Proposals [Publication Details]

Feb 14, 2020 - The Governor’s 2020-21 budget includes various cannabis-related proposals, including both budget trailer legislation and budget change proposals from multiple departments. In this report, we (1) provide some background on cannabis regulation and taxation in California; (2) describe the Governor’s proposals; and (3) provide recommendations on these proposals for legislative consideration.
https://lao.ca.gov/Publications/Detail/4162

The 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - In some cases, agencies or departments are not authorized to make expenditures on the development and implementation of a project until 30 calendar days after written notification of the Legislature.
https://lao.ca.gov/Publications/Report/4101

Broad-Based Cash Assistance in COVID-19 Recovery Actions

Apr 3, 2020 - Though some of these Ca lifornians nevertheless file taxes (in many cases to qualify for federal tax credits), an unknown number do not. (The federal deadline to file 2019 tax returns was recently extended to July 15, and anyone filing by that date would appear to be eligible for the assistance.)
https://lao.ca.gov/Publications/Report/4214

The 2020-21 Budget: The Governor’s Homelessness Plan

Feb 11, 2020 - Expands the State Housing Tax Credit Program.   The Governor proposes $ 500  m illion General Fund for the state ’s housing tax credit program. As in 2019 ‑20, the Governor proposes up to $ 200  m illion would be set aside for mixed ‑income projects.
https://lao.ca.gov/Publications/Report/4152

The 2022-23 Budget: Secretary of State Request to Waive Business Filing Fees

Feb 7, 2022 - The Business Filing Fee is a significant fund source for SOS and typically pays for more than one‑third of the department’s expenditures. Proposal Waive New Business Filing Fees for 2022 ‑23. For the fiscal year of 2022 ‑23, the administration proposes waiving the filing fee paid when a new business entity is registered with SOS.
https://lao.ca.gov/Publications/Report/4516

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - Statutory Changes to Temporarily Change Process for Adjusting Cannabis Tax Rates. The California Department of Tax and Fee Administration (CDTFA) makes periodic, statutorily required adjustments to the rates for the state ’s two cannabis taxes: the retail excise tax and the cultivation tax.
https://lao.ca.gov/Publications/Report/4277

Housing and Homelessness Funding Impacting Children

Mar 25, 2019 - Earned Income Tax Credit. A state and federal income tax credit for low ‑income working families and individuals, which reduces the tax amount owed by the tax ‑filer and, in some cases, may provide eligible filers with a refundable income amount.
https://lao.ca.gov/Publications/Report/3985

The 2019-20 Budget: The Governor’s Proposed Supplemental Pension Payment to CalPERS

Mar 4, 2019 - Some, for example the MVA, have experienced faster growth in expenditures compared to revenues, resulting in an ope rating deficit. In 2018 ‑19, the MVA faces an operational shortfall of almost $400  million.
https://lao.ca.gov/Publications/Report/3957

The 2019-20 Budget: Increasing Compliance With Unclaimed Property Law

Mar 15, 2019 - Include an Unclaimed Property Question on Businesses’ Tax Forms Most California businesses file income tax returns with the Franchise Tax Board (FTB) each year. Under one option, the Legislature could amend tax law to require businesses to respond to a question about unclaimed property as part of their tax filings.
https://lao.ca.gov/Publications/Report/3978

The 2022-23 Budget: Office of Planning and Research Budget Proposals

Feb 9, 2022 - To raise awareness of the Golden State Stimulus (GSS) and the California Earned Income Tax Credit (CalEITC) programs, the Franchise Tax Board, in partnership with the Department of Community Services and Development (CSD), award grants to CBOs for education and outreach activities.
https://lao.ca.gov/Publications/Report/4523