Income Tax Withholding Tracker [EconTax Blog]

Oct 4, 2022 - Income Tax Withholding Tracker [EconTax Blog] Chas Alamo California employers make regular income tax withholding payments for their employees. These amounts are reported every weekday, providing a real-time indication of the direction and magnitude of aggregate change in the employers ’ payroll.
https://lao.ca.gov/LAOEconTax/Article/Detail/756

Income Tax Withholding Tracker [EconTax Blog]

Oct 4, 2022 - Income Tax Withholding Tracker [EconTax Blog] Chas Alamo California employers make regular income tax withholding payments for their employees. These amounts are reported every weekday, providing a real-time indication of the direction and magnitude of aggregate change in the employers ’ payroll.
https://lao.ca.gov/LAOEconTax/article/Detail/756

2022 Update on the California Earned Income Tax Credit [Publication Details]

Oct 3, 2022 - 2022 Update on the California Earned Income Tax Credit [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/4630

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - The Constitution allows refunds of taxes to be excluded from appropriations subject to limit (see: Section 8(a) of Article XIIIB of the California Constitution). As a result, these types of tax refunds are scored as spending rather than revenue reductions.
https://lao.ca.gov/Publications/Report/4631

The 2022-23 California Spending Plan: Transportation

Sep 29, 2022 - Diesel Sales Tax Reduction. The budget includes a one-year reduction in the diesel sales tax from 13  percent to roughly 9  percent beginning October 1, 2022. This reduction is intended to provide fiscal relief from high fuel costs to drivers and businesses.
https://lao.ca.gov/Publications/Report/4628

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Under a credit, the amount of paid dues would reduce the tax filer ’s taxes paid. In general, tax credits provide a greater tax benefit than tax deductions. The policy change would go into effect after 2024 if certain state budget conditions are met.
https://lao.ca.gov/Publications/Report/4626

The 2022-23 California Spending Plan: Judiciary and Criminal Justice

Sep 26, 2022 - Excess Property Tax Offset. The budget includes a $128.4 million reduction in General Fund support for trial court operations in 2022-23 in order to reflect the availability of property tax revenue in accordance with Control Section 15.45 and Section 2578 of the Education Code.
https://lao.ca.gov/Publications/Report/4625

The 2022-23 California Spending Plan: Housing and Homelessness

Sep 16, 2022 - Incentives and Support to Increase Housing Development Continues State Low-Income Housing Tax Credits. The 2022-23 budget provides HCD additional state housing tax credits. In addition to the $100  million annually that the state makes available for housing tax credits, the budget makes available an additional $500  million one time for tax credits to builders of rental housing affordable to low-income households.
https://lao.ca.gov/Publications/Report/4622

U.S. Retail Sales Update: August 2022 [EconTax Blog]

Sep 15, 2022 - U.S. retail sales (seasonally adjusted) grew 0.3% from July to August.
https://lao.ca.gov/LAOEconTax/Article/Detail/754

Income Tax Witholding Tracker: August 2022 [EconTax Blog]

Sep 1, 2022 - Income Tax Witholding Tracker: August 2022 [EconTax Blog] Income Tax Witholding Tracker: August 2022 September 1, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/752