Increases in the statewide minimum wage. [Ballot]

Jul 16, 2015 - Likely Reduction in State Income Tax Revenue. The state collects income taxes from individuals and businesses under the personal income tax —the state government ’s largest revenue source —and corporation tax.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-032

Overview of MCO Tax, Selected Other Tax Increase Options, and IHSS Issues [Publication Details]

Jul 2, 2015 - Overview of MCO Tax, Selected Other Tax Increase Options, and IHSS Issues [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/3281

Proposed statutory initiative that increases excise taxes on the distribution of cigarettes and other tobacco products. [Ballot]

Jun 23, 2015 - This measure also creates a one-time “floor tax ” on cigarettes that are stored by businesses at the time the new excise tax is levied. Floor taxes are typically used to prevent businesses from avoiding taxes by stockpiling products before a tax goes into effect.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-030

Proposed statutory initiative that would increase excise taxes on the distribution of cigarettes and other tobacco products. It also creates a new excise tax on the distribution of electronic cigarett

Jun 23, 2015 - Tobacco and E-Cigarette Taxes Tobacco products are subject to state and federal excise taxes, and state and local sales and use taxes. In contrast, e-cigarettes are currently not subject to state and federal excise taxes but are subject to state and local sales and use taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-029

Proposed statutory initiative related to the cultivation, use, possession, and sale of marijuana (Amendment #1). [Ballot]

Jun 22, 2015 - The measure states that state and local sales taxes would apply to marijuana sold for recreational use but that no recreational marijuana-specific taxes could be imposed by local governments. The measure also places a permanent 15  percent excise tax on recreational marijuana products beginning on January 1, 2017.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-027

Homeowners and renters tax relief. [Ballot]

Jun 22, 2015 - Background Local Governments in California Levy Taxes on Property Owners. Local governments in California levy taxes on property owners based on a property ’s assessed value, known as ad  valorem property taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-028

The 2015-16 Budget: Major Features of the Adopted Plan (Overview of Adopted Plan)

Jun 19, 2015 - The state ’s “big three ” General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are estimated to increase at a slightly higher rate (4  percent). General Fund revenue growth was much higher in 2014‑15, increasing at a very healthy 7.7  percent rate.
https://lao.ca.gov/Publications/Report/3279

The 2015-16 Budget: Major Features of the Adopted Plan (Higher Education)

Jun 19, 2015 - Modifies College Access Tax Credit. Created in 2014, the College Access Tax Credit is scheduled to sunset in 2016. In the near term, budget trailer legislation continuously appropriates moneys deposited into the fund to CSAC to supplement the amount of the Cal Grant B Access Award.
https://lao.ca.gov/Publications/Report/3275

The 2015-16 Budget: Major Features of the Adopted Plan (Health and Human Services)

Jun 19, 2015 - Establishes New Earned Income Tax Credit. The budget package includes $380  million General Fund for a new Earned Income Tax Credit, designed to increase the after –tax income of the state ’s workers with the lowest incomes.
https://lao.ca.gov/Publications/Report/3277

Cultivation, use, possession, and sale of marijuana [Ballot]

Jun 11, 2015 - The measure states that medical marijuana is exempt from sales taxes and, in some cases, excise taxes. Revenues collected from the excise taxes would be deposited in a new special fund —the Statewide Cannabis Tax Collection Account.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-024