The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The 2021-22 Budget: Business Tax Incentives Business Tax Incentives Summary Governor ’s Budget Proposals. The Governor ’s budget proposes several changes to taxation to support businesses, largely one ‑time increases in existing tax credits and exclusions: Elective S Corporation Tax.
https://lao.ca.gov/Publications/Report/4327

The 2021-22 Budget: Business Tax Incentives [Publication Details]

Jan 28, 2021 - The 2021-22 Budget: Business Tax Incentives [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/4327

Research and development involving certain psychedelic substances (Amendment #1). [Ballot]

Sep 7, 2023 - The state collects tax revenue to fund many of its government services and facilities. It deposits most tax revenue into its General Fund, which it in turn uses to pay for education, prisons, health care, and other public services (including some research).
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

U.S. Retail Sales Update: November 2022 [EconTax Blog]

Dec 15, 2022 - U.S. retail sales (seasonally adjusted) declined 0.6 percent from October to November.
https://lao.ca.gov/LAOEconTax/Article/Detail/764

Creating a new online university administered by the University of California (UC). [Ballot]

Dec 26, 2023 - (CCC also relies on local property tax revenue to cover these costs.) Figure 2 provides key fiscal information for each segment. In 2022-23, the three segments together received a total of $18.6 billion in state General Fund support and a total of $8.6 billion in student tuition revenue.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-034

Managed Care Organization Tax: Background and Issues for Consideration on Administration’s Proposal [Publication Details]

May 30, 2023 - Managed Care Organization Tax: Background and Issues for Consideration on Administration’s Proposal [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/4774

2021-22 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 18, 2020 - Below we provide further detail on our main forecasts for the state ’s “Big Three ” taxes —personal income, corporation, and sales taxes. Personal Income Tax PIT Revenue Should Exceed 2019-20 Levels For Next Few Years.
https://lao.ca.gov/LAOEconTax/Article/Detail/581

The 2021-22 Budget: May Revenue Outlook [EconTax Blog]

May 17, 2021 - Despite Pandemic, Tax Collections Are Way Up State tax collections over the last year have been extraordinary. Not only has much of the state ’s tax base —such as payrolls, taxable retail sales, and business profits —been surprisingly resilient, but tax collections have grown well beyond their pre-pandemic baseline.
https://lao.ca.gov/LAOEconTax/Article/Detail/654

The 2023-24 California Spending Plan: Housing and Homelessness [Publication Details]

Oct 19, 2023 - The 2023-24 budget provides $3.3 billion for various housing and homelessness programs within the Department of Housing and Community Development (HCD), the California Interagency Council on Homelessness (CalICH), and the California Tax Credit Allocation Committee.
https://lao.ca.gov/Publications/Detail/4808

Gaming. [Ballot]

Dec 18, 2023 - This percent is applied to the amount of sports wagers made after deducting (1)  any wagers made with free bets or promotional credits (such as a wager made with funds provided by a tribe to a player as a promotion), (2)  all player winnings, and (3)  all federal gaming taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030