Traveling in California: Transportation Revenues and Expenditures Part 2

Currently • There are currently 21 different local sales taxes (including two in Los Angeles County) levied throughout the state for transportation purposes; these taxes collectively r aised about $2.4  billion in 1998-99. • Of the 21 separate taxes, 6 are imposed indefinitely while 15 of them —which raise about $1  billion annually —have sunset
https://lao.ca.gov/2000/051100_cal_travels/051100_cal_travels_finance-2.html

Fiscal Oulook 2001, Chapter 3

In addition, if the stock is held for at least one year, a reduced federal preferential capital gains tax rate applies as opposed to the regular tax rate. Thus, qualified options can benefit both from having the taxes on their gains deferred and being taxed at a lower rate.
https://lao.ca.gov/2001/fisc_outlook/fiscal_outlook_2001_ch3.html

1998 Cal Facts California's Fiscal Structure

Income taxes (personal and corporate), and sales and use taxes have declined as a percent of the total, while other taxes, fees, and charges have increased. California's Governments Rely on a Variety of Taxes State Taxes
https://lao.ca.gov/1998/1998_calfacts/98calfacts_fiscal_structure.html

2011 Initiative Analysis:The California Clean Energy Jobs Act

Background Corporate Tax Structure. For tax purposes, firms in the United States report their profits at the national level and not on a state level. Thus, states have devised a process known as “apportionment ” to determine what fraction of a multistate firm ’s profits they can tax.
https://lao.ca.gov/ballot/2011/110748.aspx

^[PDF] The California Clean Energy Jobs Act

Background Corporate Tax Structure. For tax purposes, firms in the United States report their profits at the national level and not on a state level. Thus, states have devised a process known as “apportionment” to determine what fraction of a multistate firm’s profits they can tax.
https://lao.ca.gov/ballot/2011/110748.pdf

^[PDF] Proposed statutory initiative related to the cultivation, sale, and use of cannabis.

Reduction in State and Local Tax Revenues Due to Limits on Taxes. The measure would result in lower state and local tax revenues, likely in the mid-to-high hundreds of millions of dollars annually. This net reduction in tax revenue is driven primarily by two factors.
https://lao.ca.gov/ballot/2019/190529.pdf

^[PDF] Proposed statutory initiative related to the cultivation, sale, and use of cannabis.

Reduction in State and Local Tax Revenues Due to Limits on Taxes. The measure would result in lower state and local tax revenues, likely in the mid-to-high hundreds of millions of dollars annually. This net reduction in tax revenue is driven primarily by two factors.
https://lao.ca.gov/ballot/2019/190530.pdf

^[PDF] Redevelopment After Reform: A Preliminary Look

As discussed earlier, Chapter 942 limited RDA authority to provide pass-through revenues to local taxing agencies. As a result, many Legislative Analyst's Office 20 taxing agencies will receive lower future tax revenues when land is placed under redevelopment than they could have received under the 1993 CRL.
https://lao.ca.gov/1994/reports/redevelopment_after_reform_217_1294.pdf

^[PDF] 1958 Budget Analysis: Miscellaneous

Since there are no records to verify that any specified part of the motor vehicle fuel tax collections, not claimed for refund, represents tax paid on. fuel used for marine uses, any apportionment from the fuel tax would be based upon an arbitrary legislative determination.
https://lao.ca.gov/analysis/1958/24_misc_1958.pdf

Options for a State Earned Income Tax Credit

In the past, certain refundable tax credits have been booked as appropriations in Item 9100 of the annual state budget (Tax Relief). One such example was the prior refundable renters ’ personal income tax credit.
https://lao.ca.gov/reports/2014/finance/state-eitc/options-state-eitc-121814.aspx