The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals [Publication Details]

Feb 22, 2017 - The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals [Publication Details] The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals Format: HTML Description: Proposition 56 was approved by voters in November 2016 to increase taxes on cigarettes and other tobacco products.
https://lao.ca.gov/Publications/Detail/3573

The Uncertain Affordable Care Act Landscape: What It Means for California

Feb 17, 2017 - To encourage the use of HSAs, some Republican replacement proposals offer tax credits to individuals for contributions into an HSA. (The tax credit could either be some portion of the alternative health care tax credit discussed above or a separate tax credit.)
https://lao.ca.gov/Publications/Report/3569

The 2017-18 Budget: Transportation Funding Package

Feb 17, 2017 - State Diesel Taxes. The state also collects revenue from taxes on diesel fuel. Figure  5 shows the current diesel tax rates for the state ’s three taxes on diesel fuel —an excise tax and two sales taxes.
https://lao.ca.gov/Publications/Report/3572

The 2017-18 Budget: Trial Courts and the County Office of Education General Fund Offset [Publication Details]

Feb 16, 2017 - Under state law, county office of educations’ excess property tax revenue offsets state General Fund support for trial courts. In this post, we describe the offset and recommend the Legislature adjust the offset to better reflect growth in local property taxes.
https://lao.ca.gov/Publications/Detail/3567

The 2017-18 Budget: Trial Courts and the County Office of Education General Fund Offset

Feb 16, 2017 - Governor ’s Budget Underestimates Excess Property Tax Revenue. The Governor ’s budget estimates that excess property tax revenue in 2017-18 will not increase over the 2016-17 level of $37 million. Our analysis of property tax growth, however, projects higher excess property tax levels and, in turn, higher General Fund offsets for trial courts.
https://lao.ca.gov/Publications/Report/3567

The 2017-18 Budget: The Governor's Cannabis Proposals

Feb 14, 2017 - For example, if licensing entities are significantly delayed in issuing new licenses, there may be limited tax collections and reduced need for BOE tax administration staff in the budget year. Federal Enforcement of Cannabis Laws Uncertain.
https://lao.ca.gov/Publications/Report/3556

The 2017-18 Budget: Judicial Branch

Feb 14, 2017 - The 2017-18 Budget: Judicial Branch a Does not include offset of trial court expenditures from excess local property taxes. Sustain Justice System Edition Case Management System Replacement LAO Bottom Line.
https://lao.ca.gov/Publications/Report/3557

The 2017-18 Budget: The Governor's Cannabis Proposals [Publication Details]

Feb 14, 2017 - Additionally, the Legislature will need to determine the staff and other resources to provide to the various agencies charged with regulating and taxing the cannabis industry. We recommend the Legislature (1) work with the administration to enact legislation to align the regulation of medical and nonmedical cannabis to the maximum extent possible, (2) make its decisions on the
https://lao.ca.gov/Publications/Detail/3556

The 2017-18 Budget: Cap-and-Trade [Publication Details]

Feb 13, 2017 - We also recommend the Legislature approve cap-and-trade (or carbon tax) with a two-thirds vote because it would provide greater legal certainty and ensure ARB has the ability to design an effective program.
https://lao.ca.gov/Publications/Detail/3553

The 2017-18 Budget: Cap-and-Trade

Feb 13, 2017 - Opportunities to Reduce Taxes. Auction revenue can be used to provide economic benefits. For example, in theory revenue could be used to reduce broad ‑based taxes (such as income or sales taxes), which could help reduce negative impact on economic activity.
https://lao.ca.gov/Publications/Report/3553