Income Tax Witholding Tracker: July 2022 [EconTax Blog]

Aug 5, 2022 - Income Tax Witholding Tracker: July 2022 [EconTax Blog] Income Tax Witholding Tracker: July 2022 August 5, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/745

Updated 2022-23 "Big Three" Revenue Outlook [EconTax Blog]

Aug 1, 2022 - Consistent with this, our updated estimates suggest collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —are likely  to fall below the Governor 's Budget assumption of $200  billion.
https://lao.ca.gov/LAOEconTax/article/Detail/744

Updated 2022-23 "Big Three" Revenue Outlook [EconTax Blog]

Aug 1, 2022 - Consistent with this, our updated estimates suggest collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —are likely  to fall below the Governor 's Budget assumption of $200  billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/744

U.S. Retail Sales Update: June 2022 [EconTax Blog]

Jul 18, 2022 - The amount of money spent on retail purchases in the U.S. increased 1% from May to June, but real sales declined due to inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/742

Income Tax Withholding Tracker: June 2022 [EconTax Blog]

Jul 11, 2022 - Income Tax Withholding Tracker: June 2022 [EconTax Blog] Income Tax Withholding Tracker: June 2022 July 11, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/741

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - Annual Report on Tax Exemptions for Medicinal Cannabis June 24, 2022 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  837 of 2019 (SB  34, Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4608

Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 24, 2022 - Annual Report on Tax Exemptions for Medicinal Cannabis [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/4608

U.S. Retail Sales Update: May 2022 [EconTax Blog]

Jun 15, 2022 - U.S. retail sales (seasonally adjusted) declined 0.3 percent from April to May. Inflation-adjusted sales declined more.
https://lao.ca.gov/LAOEconTax/Article/Detail/739

Cannabis Tax Revenue Update [EconTax Blog]

May 26, 2022 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/738

The 2022-23 Budget: Multiyear Budget Outlook

May 24, 2022 - Every dollar in tax revenues that the state collects above the limit must be spent on purposes that meet SAL requirements or returned to taxpayers. As a result, higher revenues would result in dollar ‑for ‑dollar increases in SAL  requirements.
https://lao.ca.gov/Publications/Report/4602