Report 2015-127 Recommendation Responses
Report 2015-127: Corporate Income Tax Expenditures: The State's Regular Evaluation of Corporate Income Tax Expenditures Would Improve Their Efficiency and Effectiveness (Release Date: April 2016)
Recommendation for Legislative Action
To ensure that the research and development (R&D) credit is effectively fulfilling its purpose, the Legislature should consider commissioning a study on the cost-effectiveness of the R&D credit for stimulating additional R&D activity or new jobs within the State, including an impact analysis on how the credit affects the state economy. The study should also define performance metrics for use in subsequent reports.
Description of Legislative Action
As of April 12, 2020, the Legislature has not taken action to address this specific recommendation.
- Legislative Action Current As-of: April 2020
California State Auditor's Assessment of Annual Follow-Up Status: No Action Taken
Description of Legislative Action
The Legislature has not taken any action to address this specific recommendation.
- Legislative Action Current As-of: April 2019
California State Auditor's Assessment of Annual Follow-Up Status: No Action Taken
Description of Legislative Action
SB 468 (Jackson) would require the Legislative Analyst's Office (LAO), prior to December 1, 2022, to conduct an analysis of specified tax expenditures describing, in part, jobs created by the tax expenditure, whether the jobs created were short or long term, and the economic, social, or any other benefits of the tax expenditure to the State. The bill would require the LAO to submit a report to the Legislature on its findings.
- Legislative Action Current As-of: April 2019
California State Auditor's Assessment of Annual Follow-Up Status: Legislation Introduced
Description of Legislative Action
The Legislature has not taken action to address this recommendation.
- Legislative Action Current As-of: April 2018
California State Auditor's Assessment of 1-Year Status: No Action Taken
Description of Legislative Action
The Legislature has not taken any action to address this specific recommendation.
- Legislative Action Current As-of: April 2018
