U.S. Retail Sales Update: October 2024 [EconTax Blog]

Nov 15, 2024 - U.S. retail sales have grown 1.1 percent over the last 3 months and 2.8 percent over the last 12 months. Retail sales growth has outpaced inflation substantially over the last 3 months, but only slightly over the last 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/816

The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - The May Revisions proposes to not allow businesses to use tax credits to reduce their taxes by more than $5 million for tax years 2025, 2026, and 2027. This would not apply to the low-income housing tax credit.
https://lao.ca.gov/LAOEconTax/Article/Detail/804

The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - The May Revisions proposes to not allow businesses to use tax credits to reduce their taxes by more than $5 million for tax years 2025, 2026, and 2027. This would not apply to the low-income housing tax credit.
https://lao.ca.gov/LAOEconTax/article/Detail/804

Excess ERAF: A Review of the Calculations Affecting School Funding [Publication Details]

Mar 6, 2020 - We recently found that some counties are calculating excess ERAF in ways that seem contrary to state law and shift too much property tax revenue from schools to other agencies. We have three specific concerns related to the calculation of excess ERAF that together affect about $350 million in annual property tax revenue.
https://lao.ca.gov/Publications/Detail/4193

^[PDF] Letter to Legislator--Evaluation of UCLA Film Credit Study

Qualified expenditures include crew and staff salaries and benefits, rental costs of facilities and equipment, and many production costs like construction, wardrobe, food, lodging, and lab processing.
https://lao.ca.gov/reports/2012/stadm/letters/evaluate-film-tax-credit-061312.pdf

Proposition 6 [Ballot]

Nov 5, 2024 - Some People in State Prison and County Jail Work. People in prison and jail can be required to work or do other activities such as taking classes. Work includes jobs like cooking, cleaning, or other tasks needed to run prisons and jails.
https://lao.ca.gov/BallotAnalysis/Proposition?number=6&year=2024

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Significant Changes to Solutions From June 2024 Budget Package Managed Care Organization (MCO) Tax Package. Some of the largest budget solutions in the June budget package involved the MCO tax, a tax on health plans that supports the Medi ‑Cal program.
https://lao.ca.gov/Publications/Report/4951

Restrictions on certain oil drilling permits (Amendment #1). [Ballot]

Sep 21, 2023 - This oil is mostly extracted from oil reserves located in Kern County (about 70  percent), followed by Los Angeles (about 7  percent), and Fresno, Monterey, and Ventura Counties (about 4  percent each).
https://lao.ca.gov/BallotAnalysis/Initiative/2023-014

Housing affordability and property taxes. [Ballot]

Nov 29, 2021 - Counties Manage the Property Tax. County assessors determine the taxable value of property. County tax collectors bill property owners and collect payments. County auditors distribute tax revenue to local governme nts.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-032

Statutory initiative that would establish a statewide vote to express the intent of California voters to seek independence from the United States of America. [Ballot]

Jan 8, 2025 - In addition, counties would face costs to verify signatures of the registered voters that nominate the commission ’s applicants. Together, these costs could be a few million dollars on a one-time basis.
https://lao.ca.gov/BallotAnalysis/Initiative/2024-001