California’s Major Revenue Sources and Tax Agencies [Publication Details]

Feb 23, 2015 - California’s Major Revenue Sources and Tax Agencies [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3183

California State Tax Expenditures Total Around $55 Billion [EconTax Blog]

Feb 18, 2015 - Defining Tax Expenditures What Are Tax Expenditures? The term "tax expenditures " refers to tax exclusions, exemptions, preferential tax rates, credits, and other tax provisions that reduce the amount of revenue collected from the basic tax structure.
https://lao.ca.gov/LAOEconTax/Article/Detail/60

The 2015-16 Budget: Analysis of the Health Budget [Publication Details]

Feb 12, 2015 - This report analyzes the Governor's 2015-16 state health program budget proposals.
https://lao.ca.gov/Publications/Detail/3173

The 2015-16 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2015 - Whether tax revenues grow further, stagnate, or, in the worst case, decline in 2015-16 will depend in large part on trends in volatile capital gains and business income. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/3157

Options for a State Earned Income Tax Credit [Publication Details]

Dec 18, 2014 - Options for a State Earned Income Tax Credit [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3156

Personal Income Tax Much More Volatile Than Economy [EconTax Blog]

Dec 8, 2014 - Why Is California 's Personal Income Tax So Volatile? Personal income taxes are the largest state revenue source. As this graphic shows, these taxes are much more volatile than statewide personal income.
https://lao.ca.gov/LAOEconTax/Article/Detail/8

California's Changing Population [EconTax Blog]

Dec 5, 2014 - As we at the LAO develop our own economic and tax revenue estimates, our process always begins with analysis of key population trends in California. In our recent Fiscal Outlook , we noted our projection that California's population will grow by 0.4 percent to 0.8 percent per year over the next several years.
https://lao.ca.gov/LAOEconTax/Article/Detail/6

The LAO's outlook for revenues resulting from the temporary tax measure passed in 2012

Nov 22, 2014 - Specifically, the taxes of Proposition 30 expire under current law as follows: Sales Tax Increase. The one-quarter cent sales tax rate increase that went into effect in January 2013  remains in effect through the end of calendar year 2016.
https://lao.ca.gov/Recommendations/Details/815

Infographic: California's State Budget [Publication Details]

Oct 24, 2014 - 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/3149

California "Big Three" tax revenues $465 million above projections for September

Oct 16, 2014 - California 's "Big Three " taxes —the personal income tax (PIT), the sales and use  tax (sales tax, or SUT), and the corporate income tax (also known as the corporation tax, or CT) —currently generate over 96 percent of the annual revenues of the General Fund, the state government 's main operating account.
https://lao.ca.gov/Recommendations/Details/814