Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - As described above, each purchaser can apply the partial exemption to no more than $ 200  m illion worth of purchases per year —equivalent to $ 8  m illion of tax exemptions. Like the prior option, this one would strengthen investment incentives but result in larger revenue losses.
https://lao.ca.gov/Publications/Report/3907

Statewide Minimum Wage Increasing in January [Publication Details]

Dec 6, 2016 - A new law passed in 2016 (SB 3 [Leno]) will increase California’s statewide minimum wage over a period of several years. The first increase will occur on January 1, 2017.
https://lao.ca.gov/Publications/Detail/3512

The 1982-83 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1982 - In terms of real purchasing power, the Governor's Budget for 1982-83 is 3.5 percent lower than the budget for the current year. The General Fund portion of the Governor's Budget will be in balance only if several critical assumptions underlying the budget are borne out.
https://lao.ca.gov/Publications/Detail/2053

Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings? [Publication Details]

Apr 27, 2010 - In our view, taking on long-term obligations—like the lease payments on these buildings—in exchange for one-time revenue to pay for current services is bad budgeting practice as it simply shifts costs to future years.
https://lao.ca.gov/Publications/Detail/2261

Reconsidering the Optional Single Sales Factor [Publication Details]

May 26, 2010 - Our findings indicate that: (1) a formula with a higher weight on sales and lower weights on property and payroll promotes job growth to some extent; (2) with most states’ formulas now based only on sales, the old formula that used property and payroll could put some California producers at a competitive disadvantage; and (3) allowing firms to choose their formula every year arbitrarily favors some firms over others.
https://lao.ca.gov/Publications/Detail/2290

Tax Expenditure Reviews [Publication Details]

Nov 16, 2007 - One of these is the mortgage interest deduction, valued at about $5 billion yearly. This program is found to be an inefficient means of promoting home ownership, and options are offered for improving it, including capping the deduction amount or replacing it with a targeted tax credit.
https://lao.ca.gov/Publications/Detail/1684

California's Fiscal Outlook: LAO Projections 2008-09 Through 2013-14 [Publication Details]

Nov 20, 2008 - Combined with rising state expenses, we project that the state will need $27.8 billion in budget solutions over the 2008-09 and 2009-10 fiscal years. The state’s revenue collapse is so dramatic and the underlying economic factors are so weak that we forecast huge budget shortfalls through 2013-14 absent corrective action.
https://lao.ca.gov/Publications/Detail/1895

Narrowing the Tax Gap [Publication Details]

Feb 21, 2007 - We recommend that the Legislature redirect some of the proposed budget-year spending on tax gap enforcement activities in order to increase their payoff in terms of General Fund revenues." Reports by Policy Area
https://lao.ca.gov/Publications/Detail/1595

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

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