A Key Interaction Between Sales Taxes and Other Taxes on Cannabis Retailers

Dec 17, 2019 - Many cities levy a “business tax ” or “business license tax ” that applies to a wide range of businesses, including cannabis businesses. The tax rate generally is a specified percentage of sales, also known as gross receipts.
https://lao.ca.gov/Publications/Report/4124

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Weight ‑Based: Tax Sale or Transfer to First Distributor and Collect Tax From First Distributor. The only practical opportunities to weigh cannabis plants occur early in the supply chain, around the time of sale or transfer from the cultivator to the first distributor.
https://lao.ca.gov/Publications/Report/4125

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - (For example, it was previously possible to exchange the ownership of a copyright on a piece of music for the copyright on a different piec e of music.) Like-kind exchanges for real property, such as land and buildings, are still allowed for all CT and PIT filers.
https://lao.ca.gov/Publications/Report/4100

Managing California’s Cash

Sep 3, 2019 - The overall effect of A B   1054 o n the state ’s cash balances is yet to be seen —it will depend on decisions by the administration about how much to transfer to the fund, when to make those transfers, and when to issue the new bonds to repay the loan.
https://lao.ca.gov/Publications/Report/4092

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The Governor proposes attributing this $ 700  m illion deposit to the 2018 ‑19 fiscal year, although the actual transfer likely would take place after June 30, 2019. No Deposit Into School ’s Constitutional Reserve Required.
https://lao.ca.gov/Publications/Report/3916

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - And Transfer Program to CDTFA. With a more streamlined process for claiming the exemption, there would be no reason for CAEATFA to administer the program. Instead, the program could be administered by CDTFA —the department that administers the sales tax.
https://lao.ca.gov/Publications/Report/3907

Taxation of Sugary Drinks

Nov 26, 2018 - Many recent sugary drink tax proposals —including local ordinances enacted in Boulder, Seattle, and four California cities, and recent bills introduced in the Legislature —define their tax bases similarly.
https://lao.ca.gov/Publications/Report/3903

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - In particular, fund balances above $ 20  m illion at the end of 2016 ‑17 and $ 15  m illion at the end of 2017 ‑18 (and each subsequent year) transfer to the General Fund. In 2017 ‑18, the balance of the fund exceeded the threshold by $5. 7  m illion and that amount was transferred to the General Fund.
https://lao.ca.gov/Publications/Report/3885

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Our estimates of General Fund revenues and transfers for the “budget window ” —2016-17 through 2018-19 —are $2.6 billion above the administration ’s May 2018 revenue forecast. Figure 1 displays our General Fund revenue outlook through 2021-22.
https://lao.ca.gov/Publications/Report/3830

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - As described earlier, when local property tax revenue outpaces growth in school district appropriations limits, the state must transfer some of its limit to school districts to ensure that they do not exceed their local limits.
https://lao.ca.gov/Publications/Report/3800