California’s Taxation of Vessels, Vehicles, and Aircraft: Out-of-State Purchases [Publication Details]

May 2, 2006 - California’s Taxation of Vessels, Vehicles, and Aircraft: Out-of-State Purchases [Publication Details] California’s Taxation of Vessels, Vehicles, and Aircraft: Out-of-State Purchases Format: HTML Description: In 2004, California temporarily extended, from 90 days to one year, the time that recently purchased vessels, vehicles, and aircraft must be kept out of California in order to avoid the state’s use tax.
https://lao.ca.gov/Publications/Detail/1481

Perspectives on State Revenues 2006-07 [Publication Details]

Feb 22, 2006 - The state budget continues to benefit from healthy revenue growth. After climbing by over 8 percent in 2004‑05, the 2006‑07 Governor’s Budget assumes that revenues from the state’s major taxes will increase further by 6.2 percent in 2005‑06 and 5.7 percent in 2006‑07. The administration’s current forecast is up substantially from the estimates included in the 2005‑06 Budget Act.
https://lao.ca.gov/Publications/Detail/1387

Perspectives on the Economy and Demographics 2006-07 [Publication Details]

Feb 22, 2006 - Despite a slowdown in the final quarter of the year, the U.S. and California economies generally outperformed expectations in 2005, shrugging off soaring energy costs, rising interest rates, and the impacts of three major hurricanes on Gulf Coast states.
https://lao.ca.gov/Publications/Detail/1388

State Fiscal Picture 2006-07 [Publication Details]

Feb 22, 2006 - State Fiscal Picture 2006-07 [Publication Details] HTML Description: California has benefited greatly from an over $11 billion three-year revenue increase since the 2005‑06 budget was enacted; yet, the Governor’s budget plan would still leave the state with major structural budget shortfalls and a large amount of other financial obligations outstanding.
https://lao.ca.gov/Publications/Detail/1389

Abusive Tax Shelters: Impact of Recent California Legislation [Publication Details]

Jan 27, 2006 - Abusive Tax Shelters: Impact of Recent California Legislation [Publication Details] Abusive Tax Shelters: Impact of Recent California Legislation Format: HTML Description: In recent years, the prevalence of illegal or “abusive” tax shelters (ATS) has increased dramatically.
https://lao.ca.gov/Publications/Detail/1373

California's Fiscal Outlook: LAO Projections, 2005-06 Through 2010-11 [Publication Details]

Nov 16, 2005 - The state's budget outlook for 2006-07 and beyond has improved considerably as a result of a major increase in revenues and significant savings adopted in the 2005-06 budget plan. The state, however, still faces major operating deficits in the next several years.
https://lao.ca.gov/Publications/Detail/1345

Perspectives on the Economy and Demographics 2005-06 [Publication Details]

Feb 22, 2005 - The California economy is expanding at a healthy pace in early 2005, as evidenced by real estate construction, exports, company reports of sales and profits, and business-related tax receipts. The one area of concern remains jobs, which are lagging due to intense focus on cost cutting and efficiencies.
https://lao.ca.gov/Publications/Detail/1232

2005-06 Budget: Perspectives and Issues [Publication Details]

Feb 22, 2005 - The Legislature has an important budget opportunity. We project that revenues are $2.2 billion higher (for the current and budget years combined) than reflected in the Governor's budget. This, combined with the magnitude of ongoing solutions proposed in the budget plan, would result in a balanced 2005-06 budget with a solid reserve. However, the price of inaction is significant.
https://lao.ca.gov/Publications/Detail/1230

State Fiscal Picture 2005-06 [Publication Details]

Feb 22, 2005 - We project that revenues are $2.2 billion higher (for the current and budget years combined) than reflected in the Governor's budget. This, combined with the magnitude of ongoing solutions proposed in the budget plan, would result in a balanced 2005-06 budget with a solid reserve.
https://lao.ca.gov/Publications/Detail/1231

Perspectives on State Revenues 2005-06 [Publication Details]

Feb 22, 2005 - The current strength in the economy is translating into solid growth in receipts from the state's taxes—particularly the corporate tax and personal income tax. Recent cash receipts trends have been even stronger than anticipated in the Governor's budget, mainly because of strong 2004 year-end collections from the personal income tax and corporation tax.
https://lao.ca.gov/Publications/Detail/1233