Letter to Senator Wolk on Evaluation of UCLA Film Credit Study [Publication Details]

Jun 21, 2012 - Letter to Hon. Lois Wolk, Chair of Senate Governance and Finance Committee, providing an evaluation of the February 2012 report, "Economic and Production Impacts of the 2009 California Film and Television Tax Credit."
https://lao.ca.gov/Publications/Detail/2647

Property Tax Agents at the Local Level in California: An Overview [Publication Details]

Jun 20, 2012 - Property Tax Agents at the Local Level in California: An Overview [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/2646

Near-term challenges, but opportunity to reduce future deficits substantially

May 25, 2012 - First, the temporary sales and use tax increase of the Governor ’s proposed tax measure would expire in the middle of 2016-17, followed two years later by expiration of the proposed temporary income tax increase.
https://lao.ca.gov/Recommendations/Details/610

Revised Seismic Safety Commission funding proposal

May 23, 2012 - Such a tax would not be permissible because Article XIII , Section 28(f), of the Constitution states that with limited exceptions the state’s insurance tax (one of the General Fund's major revenue sources) shall be in lieu of all other state and local taxes on insurers.
https://lao.ca.gov/Recommendations/Details/576

Background information on LAO's May 2012 economic and revenue forecasts

May 18, 2012 - One key assumption is that Congress and the President will agree, in effect, to extend the “Bush tax cuts,” payroll tax cuts, and certain current-law deadlines related to budget sequestration cuts for federal domestic and defense programs.
https://lao.ca.gov/Recommendations/Details/599

The 2012-13 Budget: Overview of the May Revision [Publication Details]

May 18, 2012 - While we find that the administration's economic and revenue forecasts are reasonable, we are concerned that the amount of property tax revenues from former redevelopment agencies (RDAs) may be substantially less than the May Revision assumes in 2011-12 and 2012-13.
https://lao.ca.gov/Publications/Detail/2635

LAO commentary on Facebook IPO and state revenue forecasts

May 15, 2012 - We believe our forecasts are consistent with the small expected statewide increase in these tax bases. In addition, the Facebook IPO apparently will generate significant tax deductions for the company, which will effectively reduce federal tax revenues and tax revenues in various states below what they otherwise would be.
https://lao.ca.gov/Recommendations/Details/596

Income taxes reportedly over $2 billion below administration's estimate for April

May 1, 2012 - Income taxes reportedly over $2 billion below administration's estimate for April Income taxes reportedly over $2 billion below administration's estimate for April Program: This is an update on 2011-12 year-to-date state personal income tax and corporation tax collections.
https://lao.ca.gov/Recommendations/Details/592

Restructuring of Second-Level Appeals

May 1, 2012 - Further Detail Background The CUIAB is an independent administrative judicial agency that provides due process for workers and employers who wish to appeal determinations made by the Employment Developmen t Department (EDD) on unemployment insurance (UI) and disability insurance benefits and payroll taxes, as well as state personal income tax withholdings.
https://lao.ca.gov/Recommendations/Details/591

Proposition 29: Imposes Additional Tax on Cigarettes for Cancer Research [Publication Details]

May 1, 2012 - Proposition 29: Imposes Additional Tax on Cigarettes for Cancer Research [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/2625