Fiscal Outlook Supplement on Proposition 2: Overview

Dec 2, 2015 - Under these reevaluations, the state revises the BSA deposit up or down if capital gains taxes were higher or lower than the state ’s prior estimates. The state does not revisit its estimate of the base amount in the true up calculation.
https://lao.ca.gov/Publications/Report/3313

MCO Tax Overview [Publication Details]

Dec 1, 2015 - MCO Tax Overview [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Publications/Detail/3311

Increases excise taxes on the distribution of cigarettes and other tobacco products and applies the tobacco products excise tax to electronic cigarettes (Amendment #1). [Ballot]

Nov 30, 2015 - Tobacco and Electronic Cigarette Taxes Tobacco products are subject to state and federal excise taxes, and state and local sales and use taxes. In contrast, electronic cigarettes are currently not subject to state and f ederal excise taxes but are subject to state and local sales and use taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-081

The cultivation, use, possession, and sale of marijuana (Amendment No 1). [Ballot]

Nov 24, 2015 - The measure establishes three types of taxes on the commercial production and sale of marijuana: Cultivation Tax. The measure imposes a cultivation tax of $2 per square foot of plant canopy on marijuana grown for medical or recreational use.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-075

Retirement benefits for state and local governmental employees in California (Amendment No. 1). [Ballot]

Nov 24, 2015 - (In addition to the 1.45  percent tax towards Medicare, high earners pay an additional 0.9  percent of pay on earnings above a certain threshold; however, the employer does not pay this additional tax.)
https://lao.ca.gov/BallotAnalysis/Initiative/2015-076

Retirement benefits for state and local governmental employees in California (Amendment No.1). [Ballot]

Nov 24, 2015 - (In addition to the 1.45  percent tax towards Medicare, high earners pay an additional 0.9  percent of pay on earnings above a certain threshold; however, the employer does not pay this additional tax.)
https://lao.ca.gov/BallotAnalysis/Initiative/2015-077

The 2016-17 Budget: California's Fiscal Outlook [Publication Details]

Nov 18, 2015 - The more new budget commitments are made in 2016-17, the more likely it is that the state would face difficult choices—such as spending cuts and tax increases—later. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/3305

The 2016-17 Budget: California's Fiscal Outlook

Nov 18, 2015 - (The sales tax portion of Proposition 30 phases out over the 2016 –17 and 2017 –18 fiscal years. The amount of revenue generated by the sales tax is relatively small compared with the income tax and has a smaller effect on the minimum guarantee.)
https://lao.ca.gov/Publications/Report/3305

2015-16 State Budget Infographic [Publication Details]

Nov 16, 2015 - Since 1950-51, the personal income tax has replaced the sales and use tax as the predominant source of General Fund revenue. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/3306

Personal income taxes and funding for education and health programs (Amendment No. 1). [Ballot]

Nov 10, 2015 - Figure 1 summarizes income tax rates under current law , including Proposition 30 ’s temporary tax increases. After Proposition 30 expires, current law provides for a 9.3 percent top marginal income tax rate (not counting a 1 percent tax rate on taxable income i n excess of $1 million for mental health programs).
https://lao.ca.gov/BallotAnalysis/Initiative/2015-070