The 2020-21 Spending Plan: Higher Education

Oct 16, 2020 - Of the $8.4 billion, $5.1 billion is state General Fund and $3.3 billion is local property tax revenue. Anticipated year-over-year growth in property tax revenue (3.5 percent) is more than offset by a budgeted decline in state General Fund support (14.5 percent).
https://lao.ca.gov/Publications/Report/4284

^[PDF] None GENERAL PROGRAM STATEMENT The Renters' Tax

None GENERAL PROGRAM STATEMENT The Renters' Tax Relief program provides a flat grant of $37 to renters of all ages and at all levels of income.- This assistance is disbursed in the form of a ~'refundable" income tax credit, i.e., the $37 grant first is used to offset income taxes due, with any amount in excess of the tax liability paid directly to the claimant.
https://lao.ca.gov/analysis/1977/12_tax_relief_1977.pdf

^[PDF] The 1982-83 Budget: Perspectives and Issues

ERTA also liberalizes the rules for tax-free retirement savings accounts and provides for tax-exempt "all savers" certificates. The plight of the tax-exempt market, if not resolved, could result in very negative consequ~ncesfor state and local governments.
https://lao.ca.gov/analysis/1982/pandi_82_intro_part1.pdf

^[PDF] Sustainable California State Bank

Relatively minor economic changes related to the severance tax likely would result in reductions of other state and local revenues such as property and income taxes— perhaps totaling in the low tens of millions of dollars per year.
https://lao.ca.gov/ballot/2011/110675.pdf

^[PDF] An LAO Taking Advantage of New Federal Higher Education Tax Credits

Part of the act creates the “Hope Scholarship” and “Lifetime Learn- ing” tax credits, which will dramatically lower the after-tax price of higher education fees for most middle-income students (or their parents) by low- ering their federal taxes.
https://lao.ca.gov/1998/0298_highered_tax_credits/0298_highered_tax_credits.pdf

2011 Initiative Analysis:Sustainable California State Bank

Relatively minor economic changes related to the severance tax likely would result in reductions of other state and local revenues such as property and income taxes —perhaps totaling in the low tens of millions of dollars per year.
https://lao.ca.gov/ballot/2011/110675.aspx

Tax Agency Consolidation: Remittance and Return Processing

One of the adverse consequences of having three separate tax agencies is the considerable confusion it creates for some taxpayers. The uncertainty regarding what tax agency is responsible for what tax results in additional compliance costs for certain taxpayers.
https://lao.ca.gov/2005/tax_agcy_consolidation/tax_consolidation_011005.htm

^[PDF] Cogeneration Equipment Investments: The Effects of Rapid Amortization

This is because state income tax payments can be deducted from adjusted gross income on federal income tax returns, thereby reducing federal tax liabilities. Since rapid amortization reduces state income taxes, it has the effect of raising the 1.
https://lao.ca.gov/reports/1985/476_0685_cogeneration_equipment_investments_the_effects_of_rapid_amortization.pdf

California Community Colleges: Raising Fees Could Mitigate Program Cuts and Leverage More Federal Aid

In addition, families or students with insufficient tax liabilities qualify for partial tax refunds (equivalent to 40 percent of qualifying expenses). Figure  1 Federal Tax Benefits Applied Toward Higher Education Fees 2009 Lifetime Learning Credit Tuition and Fee Deduction Directly reduces tax bill and/or provides partial tax refund to those without sufficient income tax liability.
https://lao.ca.gov/2009/edu/ccc_fees/ccc_fees_061109.aspx

California's Taxation of Vessels, Vehicles, and Aircraft: Out of State Purchases

However, the vessel or aircraft is also presumed to be for use in California (and thus subject to the use tax) if it is subject to the property tax during the first 12 months of ownership. Thus, if a vesse l owned by a nonresident is within a county on the January lien date, it would be subject to both the personal property tax and the use tax.
https://lao.ca.gov/2006/vesseltax/vesseltax_050206.html