Volatility of the Personal Income Tax Base [Publication Details]

Feb 8, 2017 - On the other hand, California's personal income tax (PIT) base was much more volatile. This is because (1) some of the more stable pieces of personal income are not taxed under California's PIT and (2) the PIT tax base includes capital gains, which are extremely volatile and are not counted as part of personal income in federal statistics.
https://lao.ca.gov/Publications/Detail/3548

Volatility of the Personal Income Tax Base

Feb 8, 2017 - California’s PIT Tax Base The tax base used by California for its personal income tax is similar to the federal government ’s, but is set in state law. Figure  2 summarizes the major components of the state ’s PIT tax base as reported on federal and state tax forms.
https://lao.ca.gov/Publications/Report/3548

Re-Envisioning County Offices of Education: A Study of Their Mission and Funding

Feb 6, 2017 - Like the school district LCFF, the COE LCFF is funded by a combination of state General Fund and local property tax revenue, with the proportion of each fund source varying by county. COEs have flexibility to use all LCFF funds (from either part of the formula) for any purpose.
https://lao.ca.gov/Publications/Report/3547

Improving California's Regulatory Analysis

Feb 3, 2017 - For example, the Governor ’s Office of Business and Economic Development (GO ‑Biz) estimated the economic effects of a regulation to implement the California Competes Tax Credit, which was established by the Legislature and provides up to $200  million in annual tax credits for businesses.
https://lao.ca.gov/Publications/Report/3542

The 2017-18 Budget: Department of Justice

Jan 31, 2017 - Proposition  56, which was approved by the voters in November 2016, increases the state excise tax on cigarettes and other tobacco products (including e-cigarettes). The measure requires that the revenues from the increased tax be used to support various specified purposes.
https://lao.ca.gov/Publications/Report/3543

Technology Transfer Agreements and California’s Sales Tax [Publication Details]

Jan 30, 2017 - Technology Transfer Agreements and California’s Sales Tax [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3541

The 2017-18 Budget: Trial Court Security Funding for Counties

Jan 25, 2017 - Specifically, the state shifted $496  million in tax revenues to counties to finance these new responsibilities. State law also requires that any revenue from the growth in these tax revenues is to be distributed annually to counties based on percentages specified in statute.
https://lao.ca.gov/Publications/Report/3538

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - These allowances still would be subject to Medicare payroll taxes paid by the state and employees. In total, the adm inistration estimates that this provision will increase annual state costs by $5.7  million.
https://lao.ca.gov/Publications/Report/3534

Federal Spending in California

Jan 18, 2017 - For example, the refundable portion of the EITC is estimated on a tax year basis (which runs from January 1st to December 31st) and defense contracts on a federal fiscal year basis (October 1st to September 30th) .
https://lao.ca.gov/Publications/Report/3531/1

Federal Spending in California

Jan 18, 2017 - To do this, the Tax Foundation increases its estimate of tax revenues from each state in proportion to the total federal deficit. In effect, this inflates the estimated amount Californians “pay” in taxes.
https://lao.ca.gov/Publications/Report/3531/2