The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals [Publication Details]

Feb 22, 2017 - The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals [Publication Details] The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals Format: HTML Description: Proposition 56 was approved by voters in November 2016 to increase taxes on cigarettes and other tobacco products.
https://lao.ca.gov/Publications/Detail/3573

Volatility of the Personal Income Tax Base

Feb 8, 2017 - California’s PIT Tax Base The tax base used by California for its personal income tax is similar to the federal government ’s, but is set in state law. Figure  2 summarizes the major components of the state ’s PIT tax base as reported on federal and state tax forms.
https://lao.ca.gov/Publications/Report/3548

Volatility of the Personal Income Tax Base [Publication Details]

Feb 8, 2017 - On the other hand, California's personal income tax (PIT) base was much more volatile. This is because (1) some of the more stable pieces of personal income are not taxed under California's PIT and (2) the PIT tax base includes capital gains, which are extremely volatile and are not counted as part of personal income in federal statistics.
https://lao.ca.gov/Publications/Detail/3548

Technology Transfer Agreements and California’s Sales Tax [Publication Details]

Jan 30, 2017 - Technology Transfer Agreements and California’s Sales Tax [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/3541

Income Mobility in California Across Generations

Jan 4, 2017 - Chetty and Hendren used two decades of tax return data from 5 million families to assemble a uniquely rich data set. They measure income using pre–tax income from labor market earnings and capital (for example, from the sale of stocks or bonds), as well as unemployment, social security, and disability benefits.
https://lao.ca.gov/Publications/Report/3518

Statewide Minimum Wage Increasing in January

Dec 6, 2016 - On July 1, 2017, the minimum wage will increase to $12 per hour in six cities —Los Angeles, Malibu, Pasadena, San Jose, San Leandro, and Santa Monica —and in unincorporated Los Angeles County. (Like the statewide minimum wage increase, most of these increases initially will apply only to employers with 26 or more employees.
https://lao.ca.gov/Publications/Report/3512

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

California’s First Film Tax Credit Program

Sep 29, 2016 - The total increase could be somewhat higher because most new economic activity will occur in and around Los Angeles County, where local sales tax rates often are higher than the statewide average. Among the local government revenues affected will be property taxes.
https://lao.ca.gov/Publications/Report/3502

California’s First Film Tax Credit Program [Publication Details]

Sep 29, 2016 - California’s First Film Tax Credit Program [Publication Details] California’s First Film Tax Credit Program Format: HTML Description: In this report, as required by law, we evaluate the economic effects and the administration of the first film tax credit program passed in 2009.
https://lao.ca.gov/Publications/Detail/3502

Common Claims About Proposition 13

Sep 19, 2016 - The year before Proposition  13 passed, property taxes comprised over 90  percent of cities ’ and counties ’ local tax revenue. Today, that share is less than two –thirds . Cities and Counties Have More Control Over Sales, Hotel, and Utility Taxes Than Property Taxes.
https://lao.ca.gov/Publications/Report/3497