California's Economy and Taxes

California's Economy and Taxes Cannabis Tax Revenue Update: May 2023 May 23, 2023 The May Revision anticipates a funding shortfall for programs supported by cannabis tax revenues. Our new revenue estimates are slightly higher, yielding a slightly smaller funding shortfall.  
https://lao.ca.gov/LAOEconTax?tagId=95

Upcoming Changes in Medi-Cal Create Fiscal and Policy Uncertainty [Publication Details]

Oct 9, 2015 - In this post, we briefly highlight four upcoming major changes: (1) the renewal of the state’s Section 1115 waiver, (2) proposed modifications to the federal government’s regulations for Medicaid managed care plans, (3) the phase-in of state’s share of cost for the Affordable Care Act’s optional expansion population, and (4) the need to restructure the managed care organization tax to meet federal requirements.
https://lao.ca.gov/Publications/Detail/3300

^[PDF] CAL Facts 2002: STATE/LOCAL FINANCES

The property tax rate is limited to 1 percent by the Constitution, plus any additional rate necessary to pay for voter-approved debt. The average tax rate across the state in 2000-01 was 1.07 percent. !
https://lao.ca.gov/2002/cal_facts/state_local_finances.pdf

^[PDF] CAL FACTS California's Economy and Budget in Perspective

The property tax rate is limited to 1 percent by the Constitution, plus any additional rate necessary to pay for voter-approved debt. The average tax rate across the state in 2000-01 was 1.07 percent. !
https://lao.ca.gov/2002/cal_facts/cal_facts_2002.pdf

^[PDF] Evaluation of a Sales Tax Exemption for Certain Manufacturers

The net benefit calculation includes revenue gains from four major taxes—the personal income tax, the sales tax, the corporation tax, and the property tax— resulting from economic activity generated by the exemption.
https://lao.ca.gov/reports/2018/3907/sales-tax-exemption-certain-manufacturers-121118.pdf

2008 Initiative Analysis: Public School Investment and Accountability Act (Amendment #1-S)

The measure also would reduce revenues from the existing SUT and other state taxes affected by sales (such as excise taxes). This is because the higher overall tax rate would deter some consumption that otherwise would have occurred.
https://lao.ca.gov/ballot/2008/080874.aspx

^[PDF] Related to the cultivation, use, possession, and sale of marijuana. Amendment #1

In addition, the measure authorizes local governments to place additional taxes on medical or recreational marijuana sales if the taxes meet certain requirements. For example, local general purpose taxes on marijuana must be approved by two-thirds of the local governing body and a majority vote of the electorate.
https://lao.ca.gov/ballot/2015/150457.pdf

^[PDF] Options for Reforming the State Board of Equalization

BOE runs the Sales and Use Tax Program and many other statewide tax and fee programs, and promulgates related regulations.  Quasi-Judicial Activities. The Board rules on tax appeals for the taxes they administer and for the taxes administered by the Franchise Tax Board (FTB).  Quasi-Legislative Activities.
https://lao.ca.gov/handouts/state_admin/2017/Options-reforming-state-BOE-42017.pdf

^[PDF] The Control, Regulate and Tax Marijuana Act

The measure states that the Legislature could not change the 25 percent supplemental sales tax rate or authorize any additional taxes on marijuana until 2022. All revenue from the supplemental sales tax would be deposited in a new special fund, the Marijuana Tax Fund.
https://lao.ca.gov/ballot/2013/130769.pdf

^[PDF] Assessing Recent Changes to California Competes

California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/reports/2020/4213/changes-california-competes-033020.pdf