U.S. Retail Sales Update: March 2023 [EconTax Blog]

Apr 14, 2023 - U.S. retail sales have grown 1.9 percent over the last 3 months and 2.9 percent over the last 12 months. Sales have grown faster than inflation over the last 3 months but slower than inflation over the last 12.
https://lao.ca.gov/LAOEconTax/Article/Detail/773

November 2018 State Tax Collections [EconTax Blog]

Dec 12, 2018 - November 2018 State Tax Collections [EconTax Blog] Seth Kerstein November 2018 State Tax Collections Personal Income Tax (PIT) Collections in November Higher Due to Processing Issue. As noted last month , a processing issue caused a delay in the receipt of October withholding.
https://lao.ca.gov/LAOEconTax/Article/Detail/334

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Some options include: California Competes tax credits, New Employment tax credits, Research and Development tax credits, and the California Alternative Energy and Advanced Transportation Financing Authority ’s sales and use tax exclusion program.
https://lao.ca.gov/Publications/Report/4846

Understanding California’s Sales Tax [Publication Details]

May 6, 2015 - Understanding California’s Sales Tax [Publication Details] Video Description: California’s state and local governments levy a tax on retail sales of tangible goods. This report begins with an overview of California’s sales and use tax.
https://lao.ca.gov/Publications/Detail/3244

February 2020 State Tax Collections [EconTax Blog]

Mar 19, 2020 - February 2020 State Tax Collections [EconTax Blog] Seth Kerstein February revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of Governor ’s Budget projections by $334 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/442

August 2018 State Tax Collections [EconTax Blog]

Sep 12, 2018 - Higher personal income tax (PIT) withholding and increased sales tax revenue each made up about half of the increase. We discuss each of these in a bit more detail below. PIT Withholding Continued to Be Strong in August.
https://lao.ca.gov/LAOEconTax/Article/Detail/305

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Figure 3 Key Legislative Options for Providing Fiscal Relief Fuel Price Focus Reduce gasoline and diesel excise tax rates. a,b Reduce diesel sales tax rate. a Provide tax refunds to vehicle owners. a Targeted Economic Focus Provide tax refunds to lower ‑income households.
https://lao.ca.gov/Publications/Report/4597

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options [Publication Details]

May 12, 2022 - In response to increasing prices across the economy—particularly fuel prices—the Legislature is contemplating a number of policies for providing fiscal relief to Californians. In this post, we identify key questions for the Legislature to consider when analyzing the merits of the options proposed by the Governor and in designing its own relief package.
https://lao.ca.gov/Publications/Detail/4597

U.S. Retail Sales Update: February 2023 [EconTax Blog]

Mar 15, 2023 - U.S. retail sales have grown 2 percent over the last 3 months and 5.4 percent over the last 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/772

October 2019 State Tax Collections [EconTax Blog]

Dec 9, 2019 - October 2019 State Tax Collections [EconTax Blog] Seth Kerstein Overall, October revenue collections from the state ’s three largest taxes —the personal income tax (PIT), corporation tax, and sales tax —fell $255 million below projections in October.
https://lao.ca.gov/LAOEconTax/Article/Detail/419