Results


6,746 results

Sort by date / relevance

[PDF] Options for a State Earned Income Tax Credit

As the name suggests, the EITC is a federal tax credit. This means that its value is used to reduce a taxpayer’s final federal income tax liability, after computing taxable income and then applying the relevant tax rates.
https://lao.ca.gov/reports/2014/finance/state-eitc/options-state-eitc-121814.pdf

[PDF] Use of state gasoline sales tax revenues for transportation purposes

Bill Lockyer 2 May 10, 2001 these gasoline sales tax revenues will thereafter remain in the General Fund and will be available for various transportation and nontransportation purposes. Fiscal Effect The measure would transfer on a permanent basis beginning 2006-07, state gasoline sales tax revenues that are deposited in the General Fund to transportation-related purposes.
https://lao.ca.gov/ballot/2001/010467_INT.pdf

California's Economy and Taxes

For firearm and ammunition excise tax returns filed for the first three quarters of 2024-25, the total amount of tax due is $44 million . Based on this data, the administration's estimate of $65 million for 2024-25 appears reasonable. 
https://lao.ca.gov/LAOEconTax?tagId=104

California's Economy and Taxes

California's Economy and Taxes Cannabis Tax Revenue Update: May 2023 May 23, 2023 The May Revision anticipates a funding shortfall for programs supported by cannabis tax revenues. Our new revenue estimates are slightly higher, yielding a slightly smaller funding shortfall.  
https://lao.ca.gov/LAOEconTax?tagId=95

[PDF] 1955 Budget Analysis: Fiscal

The taxes on beer and wine yield about $4,000,000 per year while those on distilled spirits yield about $16,000,000. These taxes are collected from four groups of taxpayers of which there were 1,222 at a recent date distributed by class of tax, as follows: .
https://lao.ca.gov/analysis/1955/10_fiscal_1955.pdf

[PDF] 1958 Budget Analysis: Fiscal

Approximately 85 percent of the total state tax base is included in these 47 counties. The principal counties not covered under Bradley-Burns are Fresno, San Mateo and San Francisco, which between them account for about 13 percent of the total state tax base.
https://lao.ca.gov/analysis/1958/10_fiscal_1958.pdf

[PDF] The California Deficit Prevention Act (version 4)

This measure requires that a tax measure be subject to the two-thirds vote requirement if it results in a tax increase for any individual taxpayer—regardless of whether it raises or lowers aggregate taxes.
https://lao.ca.gov/ballot/2005/050039.pdf

[PDF] Our Children, Our Future: Local Schools and Early Education Investment Act (Amndt.#1S)

The additional marginal tax rates would be higher as taxable income increases. For income of PIT filers currently in the highest current tax bracket (9.3 percent marginal tax rate, excluding the mental health tax), additional marginal tax rates would rise as income increases.
https://lao.ca.gov/ballot/2011/110773.pdf

[PDF] LAO Alternative Budget Options

Impose new tax. LAO Budget Package Reallocates Water and waste district property taxes, $188 million. Proposition 172 sales taxes, $178 million. Department of Motor Vehicle (DMV) vehicle license fee (VLF) revenues, $130 million.
https://lao.ca.gov/handouts/crimjust/2008/LAO_Alternative_Budget_03_11_08.pdf

[PDF] State Assistance to Businesses in Response to COVID-19

We have business-level data on SBCRG, but do not have direct sources of data on tax relief because businesses’ tax filings do not include information on excluded income. Instead, we have used SBA data on PPP as a proxy for the businesses that would be eligible for tax relief on federal grants and forgiven loans.
https://lao.ca.gov/reports/2024/4824/State-Assistance-to-Businesses-COVID19-010424.pdf