LAO Economy and Taxes

LAO Economy and Taxes (916) 319-8365 Sales and Excise Taxes and Demographics Publications Economy and Taxes To browse all LAO publications, visit our Publications page. All
https://lao.ca.gov/Policy-Areas?areaId=8&category=0&year=0&page=21

The 2020-21 Spending Plan: Labor and Employment Issues

Oct 5, 2020 - The department requested resources for AB  5 because its payroll tax auditors must determine if a worker is an independent contractor or an employee. Funds will be used to train auditors to apply the new test and hire auditors to prepare audits for additional employer appeals that are expected as a result of the law.
https://lao.ca.gov/Publications/Report/4274

LAO Publications

What types of policy issues are associated with the current tax structu re, especially in light of our changing economy? The purpose of this primer is to address these and other tax-related questions, so as to aid policymakers and other interested part ies in their tax-related deliberations and decision making.
https://lao.ca.gov/publications?page=118&year=0&publicationType=0

LAO Publications

What types of policy issues are associated with the current tax structu re, especially in light of our changing economy? The purpose of this primer is to address these and other tax-related questions, so as to aid policymakers and other interested part ies in their tax-related deliberations and decision making.
https://lao.ca.gov/Publications?page=118&year=0&publicationType=0

2013 Initiative Analysis: Corporate Tax Break Accountability Act, Amendment #1-NS

During the last three decades, the state has given certain businesses tax credits and other tax incentives to encourage them to locate, expand, and hire individuals associated with certain geographical areas deemed to be distressed, which are known generally as enterprise zones.
https://lao.ca.gov/ballot/2013/130325.aspx

^[PDF] Budget Flexibility and Restrictions

Ballot Measures Dedicate Tax Revenues Date Measure Description Dedicated Tax Revenues November 1988 Proposition 99 Provides a 25 cent per pack tax on cigarettes and dedicates the $300 million annually to tobacco education and health care services for low-income persons.
https://lao.ca.gov/handouts/FO/2009/Budget_Flex_08_18_09.pdf

Budget Reserve Proposals [Publication Details]

Feb 27, 2014 - California’s state tax system is highly volatile, and the state has a poor track record of setting aside reserves when times are good to help balance the budget during later economic downturns. Designing a constitutional rainy-day fund mechanism, however, involves many complexities that require detailed consideration by the state’s leaders.
https://lao.ca.gov/Publications/Detail/2959

^[PDF] June 15, 2000 2000-01 Budget Bill Conference Committee Version

The tax credit would be limited to 50 percent of the tax liability attributable to teaching activities. Proposed Tax Package Item One-Time Ongoing Sales tax rebate $1,700 — Personal Income Tax rate reductions — $300 Teacher tax credit — 200 Child care tax credit — 200 Senior
https://lao.ca.gov/2000/061500_conference_floor_packet.pdf

^[PDF] LAO 1998 Perspectives and Issues: Major Issues Facing the Legislature

State Should Review Fee Policies in Light of Federal Tax Credit. The federal tuition tax credits create both opportunities and concerns for California. It provides an opportunity for California to increase resources for higher education without significantly affecting the after-tax price of higher education for students and their families.
https://lao.ca.gov/analysis_1998/pdfs_pandi98/part_5_perspectives_pandi98.pdf

Transportation Funding Instability Continues [Publication Details]

Feb 22, 2005 - In order to provide long-term transportation funding stability while freeing up General Fund revenue for other purposes, we continue to recommend (1) the repeal of Proposition 42, (2) an increase of the gas tax to generate an amount of funding equivalent to Proposition 42, and (3) adjusting the gas tax for inflation.
https://lao.ca.gov/Publications/Detail/1227