July 2019 State Tax Collections [EconTax Blog]

Aug 19, 2019 - As has been the case throughout 2019, personal income tax (PIT) withholding continues to be strong, growing 5.5  percent compared to the same period last year. Similarly, corporation tax collections also continued to be strong, with estimated payments over 33 percent above the administration ’s projection.
https://lao.ca.gov/LAOEconTax/Article/Detail/391

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - Tax Administration and Appeals Prior to the New Laws State Tax System. The state collects revenue from a variety of taxes and fees. Most state revenue comes from three major sources —the personal income tax, the sales and use tax, and the corporation tax.
https://lao.ca.gov/Publications/Report/3796

The 2018-19 Budget: California’s New Tax Departments [Publication Details]

Apr 4, 2018 - The 2018-19 Budget: California’s New Tax Departments [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/3796

June 2019 State Tax Collections [EconTax Blog]

Jul 10, 2019 - June 2019 State Tax Collections [EconTax Blog] Carolyn Chu June Collections Slightly Exceed  Estimates. Collections for the personal income tax (PIT), corporation tax, and sales tax were $350  million above the administration ’s May estimates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/384

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

Jan 18, 2023 - U.S. retail sales (seasonally adjusted) declined 1.1 percent from November to December. The two-month decline was 2.1 percent. In the last 30 years, two-month drops of at least 2 percent have happened around recessions.
https://lao.ca.gov/LAOEconTax/Article/Detail/767

Assessing California’s Climate Policies—Implications for State Transportation Funding and Programs

Dec 13, 2023 - Figure 7 models anticipated revenue trends for the three key fuel taxes that support state transportation programs—the gasoline excise tax, the diesel excise tax, and the diesel sales tax. As shown, revenues from all three taxes experience declines under the Scoping Plan Scenario, which is the state’s intended pathway.
https://lao.ca.gov/Publications/Report/4821

Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/Article/Detail/790

Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/article/Detail/790

The 2024-25 Budget: Department of Health Care Access and Information

Feb 27, 2024 - MCO Tax Package Augmented Support for Hospital Relief Programs. As noted in the “Health Care Workforce Proposals ” section of this post, last year ’s budget enacted a multiyear plan for the MCO tax. As part of this plan, the Legislature designated $200  million one-time MCO tax funds for HCAI hospital relief programs in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4860

Review of the California Competes Tax Credit

Oct 31, 2017 - We will receive preliminary data on the use of tax credits for the 2016 tax year in November 2017.) Taxpayers claimed $3  million worth of California Competes credits in tax year 2014 and $12.6  million in tax year 2015.
https://lao.ca.gov/Publications/Report/3709