August 2017 Cap-and-Trade Auction Results [EconTax Blog]

Aug 23, 2017 - Follow   @LAOEconTax  on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/250

2007 Initiative Analysis: The McCauley-Rooker Wealth Tax and Oceans Preservation Act (version 3) (Amendment #1-NS)

The measure institutes a state wealth tax levied on the net assets of individuals with values in excess of about $40  million as of January 1, 2008. The wealth tax would be based on the tax rates established by the federal estate tax, which has a progressive structure and whose top rate in calendar year 2007 is 45  percent.
https://lao.ca.gov/ballot/2007/070842.aspx

An Overview of California's Manufacturers' Investment Credit

In addition to the 6  percent tax credit for income tax liabilities discussed above, the tax program provides the following features in lieu of the tax credit: Provides “start-up” businesses the option of claiming a 5  percent sales and use tax (SUT) exemption on equipment purchases.
https://lao.ca.gov/2002/mic/120502_Manufacturers_Investment_Credit.html

^[PDF] State and local government tax rules.

Rob Bonta 2 November 22, 2021 Local Government Taxes and Fees. The largest local government tax is the property tax, which raises roughly $75 billion annually. Other local taxes include sales taxes, utility taxes, and hotel taxes.
https://lao.ca.gov/ballot/2021/210534.pdf

^[PDF] The 1982-83 Budget: Perspectives and Issues

WindfallProfits Tax. The state's existingBank and Corporation Tax Law allows firm.sto deduct certain taxes (such as sales and property taxes) but not others (such as federal income taxes) in determining their taxable B-4 income.
https://lao.ca.gov/analysis/1982/pandi_82_Part2.pdf

2005 Initiative Analysis:Wealth Tax. (Amendment #1-S.)

It also eliminates the current alternative minimum tax for both the PIT and the CT. Curtails Certain Tax Expenditures. The measure eliminates or restricts certain so-called tax expenditure programs (TEPs).
https://lao.ca.gov/ballot/2005/050639.htm

^[PDF] Ballot Analysis

How Is a Property Tax Bill Calculated? Each property owner’s annual property tax bill is equal to the taxable value of their property multiplied by their property tax rate. The typical property owner’s property tax rate is 1.1 percent.
https://lao.ca.gov/ballot/2020/Prop15-110320.pdf

California's Tax System: A Primer, Chapter 2

California's Tax System: A Primer, Chapter 2 Legislative Analyst Office, January 2001 California's Tax System Personal Income Tax Overview of the Personal Income Tax The personal income tax (PIT) was established in 1935 and is the state's single largest revenue source.
https://lao.ca.gov/2001/tax_primer/0101_taxprimer_chapter2.html

^[PDF] LAO Report: California Tax Policy And the Internet

For utility user taxes and fran- chise fees, the change in competitive industry structure and technological convergence raises similar issues of tax fairness and equity. Is the Industry Under-Taxed or Over-Taxed?
https://lao.ca.gov/2000/013100_inet_tax/013100_internet_tax.pdf

Policy Brief: Reversing the Property Tax Shifts

Policy Brief: Reversing the Property Tax Shifts Legislative Analyst's Office, April 2, 1996 Reversing the Property Tax Shifts Summary In 1992-93 and 1993-94, the state shifted about $4 billion in property taxes from certain local agencies to schools.
https://lao.ca.gov/1996/040296_prop_tax_shifts/pb040296.html