California Update, January 1997

Decem ber receipts reflected growth in personal income taxes and sales and use taxes consistent with the economy's continued moderate economic expansion. Bank and corporation tax recei pts, however, fell below the December 1995 level, raising some questions regarding the underlying strength in California taxable corporate profits.
https://lao.ca.gov/1997/cal_update/jan_97_calupdate.html

^[PDF] UPDATE JANU ANU ANUAR AR ARY 1997

Cal Update 5 taxes. This is important because it allows the CEA to accumulate reserves more quickly than a private insurance company.) There are five layers of contingency funding, including assessments on insurers and policy- holders and forms of reinsurance.
https://lao.ca.gov/1997/cal_update/jan_97_calupdate.pdf

October 1997 California Update

Districts receiving the largest amounts of local revenue are usually higher property wealth areas that receive "excess " local property tax revenue. These are property tax revenues above the district's revenue limit.
https://lao.ca.gov/1997/cal_update/oct_97_cal_update.html

Budget Overview

The budget does not contain any new tax-related proposals, but the revenue forecast does incorporate the effects of the state's 1997 tax relief package, including an increased pe rsonal income tax dependent exemption credit.
https://lao.ca.gov/1998/011598_bud_overview/budget_overview_198.html

Rethinking the Cal-Vet Loan Program Part II

First, as we noted earlier in this report, federal tax restrictions will have the effect of prohibiting the use of tax-deductible general obligation bonds for loans to   war veterans after January 1, 2007.
https://lao.ca.gov/1998/011698_calvet/011698_Cal-Vet_partb.html

Taking Advantage of New Federal Higher Education Tax Credits

The act creates several new higher education-related tax incentives, including the "Hope Scholarship" and "Lifetime Learning" tax credits. These tax credits will dramatically reduce the after-tax price of tuition and fees for most middle-income California students (or their parents) by lowering their federal taxes.
https://lao.ca.gov/1998/0298_highered_tax_credits/0298_highered_tax_credits.html

Major Features of the 1998 California Budget

Other tax provisions include a one-time increase in the personal income tax dependent credi t, the restoration of a nonrefundable and income-limited renters' credit, an increase in the senior citizen tax credit, and various targeted business tax reductions.
https://lao.ca.gov/1998/082498_bud_major_features/082498_major_features.html

^[PDF] An LAO Report State Should Employ “Best Practices” On Information Technology Projects

For example, the Franchise Tax Board entered into a contract to pay the vendor a percentage of the increased collections attributable to the automation project. Such ar- rangements make establishing the existing capabili- ties and future goals especially important in order to be able to determine whether the project increased collections or productivity.
https://lao.ca.gov/1998/121598_it_practices/1298_info_technology_best_practices.pdf

Overhauling the State's Infrastructure

Other funding options for highways that would not have a General Fund impact are (1) increasing gas taxes and /or truck weight fees or (2) proposing bonds to be repaid from transportation revenues rather than the General Fund.
https://lao.ca.gov/1998/122198_infrastructure/1298_state_infrastructure.html

^[PDF] 1998 Cal Facts: California's Fiscal Structure

For finan- cial corporations, a portion of the tax is in lieu of certain local taxes. Vehicle Fuel 18¢ per gallon of gasoline or diesel fuel Tax is collected from fuel distributors or wholesalers with equivalent taxes levied on other types of vehicle fuels.
https://lao.ca.gov/1998/1998_calfacts/1998_calfacts_fiscal_structure.pdf