A measure regarding religious organizations and criminal law. [Ballot]

Jun 10, 2015 - Assuming that provisions of the measure can be implemented, there may be some revenue gains for state and local governments due to the removal of tax-exempt status if any religious organizations are found to violate the measure ’s provisions.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-023

The Marijuana Control, Legalization and Revenue Act of 2016 (Amendment #1) [Ballot]

Jun 9, 2015 - In addition, state and local governments could also receive revenue from excise taxes, if such taxes were enacted by the Legislature. As noted earlier, a portion of the revenues derived from any excise tax imposed by the Legislature would be deposited in the Public Benefit Fund to benefit various programs including education, health care, and public safety.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-020

Groundwater Preservation and Water Consumer Awareness Act of 2015 [Ballot]

Jun 9, 2015 - Background Sales and Use Taxes and Excise Taxes. California ’s state and local governments levy sales and use taxes on retail sales of most tangible goods. Under the State Constitution and state statute, many foods and beverages —including bottled water —are currently exempt from California ’s state and local sales and use taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-021

The California Craft Cannabis Initiative [Ballot]

Jun 9, 2015 - In addition, state and local governments could also r eceive revenue from excise taxes, if such taxes were enacted by the Legislature. However, since the measure prohibits sales and use taxes on medical marijuana products, these reven ues would be partially offset by the loss of sales tax currently collected on such sales.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-017

The California Immigration Reform Act [Ballot]

Jun 9, 2015 - The California Immigration Reform Act [Ballot]  PDF Version Pursuant to Elections Code Section 9005, we have reviewed the proposed statutory initiative regarding immigration and tax matters (A.G. File No. 15-0022).
https://lao.ca.gov/BallotAnalysis/Initiative/2015-022

The Compassionate and Sensible Access Act [Ballot]

Jun 4, 2015 - State and local governments currently collect sales tax on medicinal marijuana sales. A small number of cities also impose a supplemental tax on medical marijuana sales. We estimate that the total amount of state and local revenue collected statewide from medical marijuana sales and supplemental taxes likely is in the high tens of millions of dollars annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-018

LAO multiyear budget outlook

May 26, 2015 - As discussed in that post, we now estimate that the state’s big three General Fund revenues—the personal income tax, corporation tax, and sales and use tax—will be $3.2 billion above the administration’s May Revision estimates for three fiscal years combined (2013-14 through 2015-16). $1.5 Billion Higher Proposition 2 Requirements.
https://lao.ca.gov/Recommendations/Details/855

Implementation and administration costs for proposed EITC

May 22, 2015 - Further Detail We discuss the Governor 's proposal for a new state earned income tax credit (EITC) here on our website. Below, we discuss certain budget issues related to the EITC for the Franchise Tax Board (FTB) specifically.
https://lao.ca.gov/Recommendations/Details/846

May Revision: Earned Income Tax Credit Proposal [EconTax Blog]

May 17, 2015 - As part of the May Revision, the Governor has proposed to implement an earned income tax credit (EITC) that would increase the after-tax income of low-income workers. The proposed EITC is similar to Option 2 that we presented in our December 2014 report — Options for a State Earned Income Tax Credit .
https://lao.ca.gov/LAOEconTax/Article/Detail/107

May Revision: Proposition 30 Estimates, Accrual Uncertainties [EconTax Blog]

May 17, 2015 - Proposition 30 was approved by voters in 2012 and temporarily increases both personal income tax (PIT) rates for very high-income Californians and sales and use tax (SUT) rates statewide. Below, we summarize the May Revision estimates for Proposition 30 revenues in both the administration's revenue estimates and our own multiyear main scenario revenue outlook .
https://lao.ca.gov/LAOEconTax/Article/Detail/106