California's Economy and Taxes

California's Economy and Taxes January 2025 Los Angeles Wildfires Impact on Local Property Tax Revenues February 10, 2025 The devastating Los Angeles County fires of January 2025 destroyed thousands of structures, causing significant damage and displacement.
https://lao.ca.gov/LAOEconTax?tagId=15

^[PDF] Managing California's Insolvency: The Impact of Federal Proposals on Unemployment Insurance

Reduction in the Federal Unemployment Tax Rate. As discussed previously, the UI tax rate charged to California employers has both a state and federal portion which are both charged on the federal minimum taxable wage base.
https://lao.ca.gov/reports/2011/ssrv/ui_solvency/ui_insolvency_070711.pdf

^[PDF] Cap total annual compensation for executives at specified hospitals—including private nonprofit and for-profit hospitals—at the level of compensation received by the President of the United States.

These potential responses depend, in part, on the covered hospital’s tax status (taxable or tax-exempt). For example, consider the case of a private nonprofit hospital that is not subject to the corporate tax.
https://lao.ca.gov/ballot/2015/150627.pdf

Initiative Analyses

This measure increases the existing excise tax on cigarettes by 75 c ents per pack effective January 1, 2009. Existing state law requires the Board of Equalization (BOE) to increase taxes on other tobacco products—such as loose tobacco and snuff—in an amount equivalent to any increase in the tax on cigarettes.
https://lao.ca.gov/BallotAnalysis/Initiatives?page=42

The 2016-17 Budget: Initial Comments on the Governor’s May Revision [Publication Details]

May 15, 2016 - Nevertheless, estimated tax revenues continue to exceed proposed spending in 2016-17, which would facilitate total reserves ending 2016-17 at $4 billion above the level assumed in the state's 2015-16 budget plan.
https://lao.ca.gov/Publications/Detail/3460

2010 Initiative Analysis: The Thomas Lomax Taxpayers Protection Act

Annual tax administration costs likely in excess of $10 million.
https://lao.ca.gov/ballot/2010/100131.aspx

^[PDF] CCC—Enrollment Growth Funding

Federal Tax Benefi ts Applied Toward Higher Education Fees 2010 American Opportunity Tax Credit (AOTC)a Lifetime Learning Credit Tuition and Fee Deduction • Directly reduces tax bill and/or provides partial tax refund to those without suffi cient income tax liability. • Directly reduces tax bill
https://lao.ca.gov/handouts/Conf_Comm/2010/CCC_Enrollment_Growth_Funding_061410.pdf

2001-02 Budget Analysis: General Government Overview

Tax Collection Programs Expenditures. The Franchise Tax Board and the Board of Equalization are the largest revenue collection agencies in the state. Between them, the boards collect the state's personal and business i ncome taxes, sales tax, and special use taxes.
https://lao.ca.gov/analysis_2001/general_govt/gen_02_overview_anl01.htm

Letter to Honorable Mark Leno on Corporation Tax Trends [Publication Details]

Mar 13, 2014 - Letter to Honorable Mark Leno on Corporation Tax Trends [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/2973

Nonprofits and the Property Tax [Publication Details]

Feb 3, 2014 - Nonprofits and the Property Tax [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/2897