Abusive Tax Shelters: Impact of Recent California Legislation

Valuable assets are then transferred to the Roth corporation and subsequently sold, with no taxes being paid by the Roth corporation. The result is that income from such sales escapes taxation, since no tax was paid on the transfer of the asset and Roth account funds are not taxed upon withdrawal.
https://lao.ca.gov/2006/abusive_tax_shelters/abusive_tax_shelters_012706.htm

Cigarette Tax Stamp Purchases and Surety Bonds in California

Payment deferral allows distributors to avoid having to remit tax revenues to the state before they have actually sold or transferred the cigarettes. In this sense, the deferral pr ogram gives the distributors an opportunity to collect the tax before remitting it to the state.
https://lao.ca.gov/2006/cigarette_bonds/cigarette_bonds_012506.htm

^[PDF] Fiscal Effect on California: Pending Federal Deficit Reduction Act of 2005

Persons applying for Medicaid long‑term care, such as nursing home care, are currently ineligible if they transferred certain income and assets to others for less than their value within the last three years.
https://lao.ca.gov/2006/deficit_reduction/deficit_reduction_012006.pdf

^[PDF] The 2006-07 Budget Package

In addition, provides (1) $35 million to reimburse cities for booking fees paid to counties in 2005-06 and revamps county authority to collect booking fees starting in 2007-08 and (2) increased funding ($20 million) for local War on Methamphet- amine Program grants for a total of $29.5 million. 13L E G I S L A T I V E A N A L Y S T ’ S O F F I C E June 27, 2006 Major Actions Transportation Full Transfer of Proposition 42.
https://lao.ca.gov/2006/floor_packet/062706_floor_packet.pdf

Major Features of the 2006 California Budget

In the transportation area, it provides the full $1.4 billion annual Proposition 42 transfer of sales taxes on gasoline to fund transportation programs, and it repays $1.4 billion of past Proposition 42 related loans.
https://lao.ca.gov/2006/major_features/major_features_2006.html

Retiree Health Care: A Growing Cost for Government

Counties, Cities, and Special Districts Counties, cities, and special districts offer a wide variety of retiree health benefits. Most appear to offer some type of health benefit to retired employees through a publicly administered health program also offered to current employees.
https://lao.ca.gov/2006/ret_hlthcare/retiree_healthcare_021706.htm

FAQs Related to: SANDAG, An Assessment of Its Role

Cities and the county face significant economic incentives to orient their lan d use policies to promote a narrow range of land uses, primarily retail. What Are the Region’s Challenges and What Is SANDAG Doing to Address Them?
https://lao.ca.gov/2006/sandag/sandag_faq.html

^[PDF] The 2007-08 Budget Package (Revised 7/24/07)

The grant programs target spe- cifi c cities with heavy gang concentrations, provide competitive grants to cities as a whole, and support community-based organizations that provide services designed to reduce gang activity.
https://lao.ca.gov/2007/floor_packet/072007_floor_packet.pdf

^[PDF] Major Features of the 2007 California Budget

The budget package accelerates the transfer of $600 million in tobacco securitization funds to the General Fund. These tobac‑ co funds were originally scheduled to be transferred in 2008‑09 and 2009‑10. ➢ Social Services Savings.
https://lao.ca.gov/2007/major_features/major_features_2007.pdf

^[PDF] Overview of the 2007-08 May Revision

Revenue Forecast The May Revision projects that General Fund revenues and transfers will total $96.2 billion in 2006-07 and $102.3 billion in 2007-08, for a bud- get-year growth of $6.1 billion (6.4 per- cent).
https://lao.ca.gov/2007/may_revise/may_revise_051507.pdf