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

Federal Assistance for Businesses Affected by COVID-19

Apr 3, 2020 - State and federal tax laws typically require taxpayers to report forgiven loan amounts as income. However, the PPP and Health Care Enhancement Act excluded forgiven PPP loans from income for federal tax purposes.
https://lao.ca.gov/Publications/Report/4215

The 2020-21 Budget: California Department of Food and Agriculture

Feb 28, 2020 - In our view this does not allow for sufficient legislative oversight of the expenditure of these funds. In analogous situations where there is uncertainty about the level of midyear resources that will be provided, it is a standard practice for the Director of DOF to send a notification letter to the JLBC 30 days prior to the release of such funds in order to facilitate
https://lao.ca.gov/Publications/Report/4187

The 2020-21 Budget: The Governor’s Cannabis‑Related Proposals

Feb 14, 2020 - Conduct Oversight Over Other Expenditures of Cannabis Tax Funds. We recommend that the Legislature continue to use its oversight role to ensure that it is comfortable with the administration ’s plans for Cannabis Tax Fund revenues more broadly.
https://lao.ca.gov/Publications/Report/4162

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 2020-21 Budget: Department of General Services

Feb 12, 2020 - George, Elihu Harris, and Ronald Reagan buildings) and $23.6 million is for fire alarm systems at five state facilities (the Edmund Brown, Van Nuys, Justice, Library and Courts II, and Franchise Tax Board Campus buildings).
https://lao.ca.gov/Publications/Report/4157

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 2020-21 Budget: California Arts Council

Feb 7, 2020 - This amount represents a net decrease of $ 26   m illion ( 35   p ercent) from estimated current ‑year expenditures. This decrease is primarily due to the expiration of $27. 5   m illion in one ‑time grants to museums and cultural institutions provided in the 2019 ‑20 Budget Act .
https://lao.ca.gov/Publications/Report/4148

The 2020-21 Budget: Assessing the Governor's Reorganization Proposals

Feb 7, 2020 - In establishing this process, the Legislature stated that the Governor should determine if such changes are necessary to accomplish one or more broad purposes, such as to reduce expenditures, increase efficiency, or eliminate duplications of effort.
https://lao.ca.gov/Publications/Report/4146

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Recently, corporation tax collections have grown faster than anticipated while personal income tax collections have grown somewhat slower. The administration assumes that this pattern will continue. This is because they attribute the pattern to partnerships, which are taxed under the personal income tax, changing to corporations in response to 2017 federal tax changes.
https://lao.ca.gov/Publications/Report/4135