May Revision: LAO Revenue Outlook [EconTax Blog]

May 16, 2015 - California taxes capital gains income generated from sales of stocks and other assets, and it taxes high-income individuals receiving most capital gains at higher rates . Capital gains are quite volatile, contributing substantially to the overall volatility of California's tax revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/105

May Revision: LAO Economic Outlook [EconTax Blog]

May 15, 2015 - With a large base of high-income, high-skill workers and a wealthy, technology-driven economy, the Bay Area is driving economic growth in California, contributing disproportionately to tax revenue growth .
https://lao.ca.gov/LAOEconTax/Article/Detail/104

Initial Comments on the Governor's May Revision

May 15, 2015 - This total consists of $7.0 billion higher personal income tax (PIT ) revenues —offset by the $380 million EITC proposal described below —$593 million higher corporation tax revenues, and $320 million higher sales and use tax revenues.
https://lao.ca.gov/Recommendations/Details/845

FTB Spring 2015 Revenue Exhibit Data Posted [EconTax Blog]

May 14, 2015 - Such concentrations are typical , given California's tax rate structure, in which higher-income filers pay personal income taxes at higher rates. Proposition 30 , passed in 2012, has increased the tax payment concentration among the top 1% of filers to some extent. 
https://lao.ca.gov/LAOEconTax/Article/Detail/102

California Independence in Statewide Elections Act [Ballot]

May 14, 2015 - In its administration of California ’s state income tax, the Franchise Tax Board defines a nonresident to be any individual who is not (1) present in California for other than a temporary or transitory purpose or (2) domiciled in California.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-012

Understanding California’s Sales Tax [Publication Details]

May 6, 2015 - Understanding California’s Sales Tax [Publication Details] Video Description: California’s state and local governments levy a tax on retail sales of tangible goods. This report begins with an overview of California’s sales and use tax.
https://lao.ca.gov/Publications/Detail/3244

The 2015-16 Budget: Cigarette Tax and Licensing Programs [Publication Details]

Apr 22, 2015 - The 2015-16 Budget: Cigarette Tax and Licensing Programs [Publication Details] The 2015-16 Budget: Cigarette Tax and Licensing Programs Format: HTML Description: California imposes excise taxes on cigarettes and on other tobacco products such as cigars and chewing tobacco.
https://lao.ca.gov/Publications/Detail/3239

Proposed high deductible health plan reasonable, but may not reduce #cabudget costs.

Mar 25, 2015 - “Health Savings Accounts (HSA). ” Under federal tax law, individuals who are enrolled in an HDHP (and their employers) may make contributions towards an HSA. These contributions are deductible for purposes of fede ral income tax.
https://lao.ca.gov/Recommendations/Details/836

Hazardous materials emergency response

Mar 16, 2015 - Authorize a Tax Rather Than a Fee. Because the proceeds of taxes are not subject to the same constitutional limits as fees, the Legislature could consider implementing a tax with a two-thirds majority vote instead of a fee.
https://lao.ca.gov/Recommendations/Details/834

Kindergarten Through Community College Public Education Facilities Bond Act of 2016 [Ballot]

Mar 6, 2015 - The bonds are repaid using local property tax revenue. Since 1998, school districts have received voter approval to issue at least $75.2  billion in local facility bonds. (Because the state did not collect data for two years, the total likely is slightly higher.)
https://lao.ca.gov/BallotAnalysis/Initiative/2015-005