^[PDF] FAQ: Issue 5

.  Middle-income students at UC, CSU, and CCC who do not receive grants or waivers to cover their education fees may claim the federal American Opportunity or Lifetime Learning tax credits. – The American Opportunity Tax Credit (AOTC) allows stu- dents with family incomes up to $180,000 to subtract all or a portion of their educational expenses, up to $2,500, from their families’ tax liability.
https://lao.ca.gov/sections/higher_ed/FAQs/Higher_Education_Issue_05.pdf

^[PDF] Mac worked in the tax area (primarily

Mac worked in the tax area (primarily income-related taxes), authoring reports on state and local spending limits, tax expenditure programs, and tax auditing issues. ➢ Section Head. Mac managed the General Government section in the office, covering a wide variety of assignments (retirement, employee compensation, labor issues, and housing). ➢ Deputy.
https://lao.ca.gov/sections/mac_taylor_bio.pdf

^[PDF] Fixing Unemployment Insurance Infographic

The UI tax system is supposed to automatically adjust based on the UI trust fund's condition. Tax rates should increase when a reserve cushion needs to be built and decrease once that's done. In actuality, employer tax rates actually decrease when they should be increasing.
https://lao.ca.gov/reports/2024/4943/UI-Infographic-120224.pdf

^[PDF] California's Parimutuel Horse Racing Tax

T PAR I MUTUEL WAGER H'G TAX STRUCTURE , · F I PST , TI-Ir TAX HAS BEIC1'1E EXCESSIVELY C0MPL EX, AL TH0UGH MANY OF CALIFORN IA' S OTHER STATE TAXES HAVE SPFC I AL PROV I SIONS THAT AFFECT -8'- Table 4 Average Tax RatPS on P~rimutue l Wa ger ino for California and the Nati0n in l9HJ d (thousands of dol lars) Ca l iforn ia Per-cent of Amou nt waoerino 11.11 Pa r imutue l Horserac in0.
https://lao.ca.gov/reports/1984/californias_paramutual_horse_racing_tax.pdf

^[PDF] The extraction and recovery of oil and gas, as well as fossil fuel consumption.

The largest component of the decrease in state revenues comes from a decline in state income tax revenues, which are deposited in the state General Fund. Limiting oil and gas production likely would reduce the revenues from both state corporate taxes and personal income taxes paid by oil and gas businesses and their in-state suppliers, their
https://lao.ca.gov/ballot/2021/210538.pdf

^[PDF] The 2023-24 Budget: Updates on Recent Housing and Homelessness Augmentations and Overview of Proposed Budget Changes

In 2017, the state established a new ongoing source of funding for housing based on a real estate document fee. — Building Homes and Jobs Act of 2017 (SB 2). „ Existing Tax Credits. Low-Income Housing Tax Credit Program provides tax credits to builders of rental housing affordable to low-income households. — State Low-Income Housing Tax Credit Program.
https://lao.ca.gov/handouts/socservices/2023/2023-24-Budget-Housing-Homelessness-Proposed-Budget-Changes-032923.pdf

^[PDF] Voter Requirements for Local Taxes

Voter Requirements for Local Taxes Hon. Cecilia M. Aguiar-Curry, Chair Assembly Revenue and Taxation Committee Hon. Autumn R. Burke, Chair Senate Governance and Finance Committee Hon. Mike McGuire, Chair Voter Requirements for Local Taxes L E G I S L A T I V E A N A L Y S T ’ S O F F I C E March 7, 2017 Page 1 Figure 4 Changes to Voter Requirements for Local Government Taxes 1978: Proposition 13
https://lao.ca.gov/handouts/state_admin/2018/Voter-Requirements-030718.pdf

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=9

Initiative Analyses

While the terms of the measure are not clear, we assume this exemption would apply to all personal income, property, parcel, and Mello-Roos taxes paid by residents over age 55. The measure also exemp ts heirs from any form of estate tax if the decedent was over age 55 at the time of his or her death.
https://lao.ca.gov/BallotAnalysis/Initiatives?page=38

^[PDF] California Update: The Fiscal Impact of Tuberculosis in California

For example, suspension of the renters' tax credit may have resulted in later filing than in past years, particul.arly by lower-income tax- payers. The level of withholding payments, however, is consistentwith astrongereconomy than expected at the end of 1993.
https://lao.ca.gov/1994/reports/cal_update_fiscal_impact_of_tb_62_0494.pdf