Cannabis Tax Revenue Update [EconTax Blog]

Aug 23, 2021 - 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/687

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - When combined with slightly smaller increases in the local property tax portion of Proposition  98, overall growth in school and community college funding would average around 4.6  percent annually. Operating Deficits Average $18   Billion Annually Under LAO Estimates.
https://lao.ca.gov/Publications/Report/4772

2017 May Revision: LAO Revenue Outlook [EconTax Blog]

May 12, 2017 - Insurance Gross Premiums Tax                       Lower Estimates of Revenue Loss Associated With Managed Care Organizations Deal. The 2016-17 budget package levied a special health care tax on managed care organizations (MCOs) for three years and exempted them from the CT and  the insurance tax  over the same period.
https://lao.ca.gov/LAOEconTax/Article/Detail/240

LAO May Outlook: Growth in Assessed Property Values [EconTax Blog]

May 12, 2019 - LAO May Outlook: Growth in Assessed Property Values [EconTax Blog] LAO May Outlook: Growth in Assessed Property Values May 12, 2019 Brian Uhler Property taxes are a primary revenue source for cities, counties, special districts and schools.
https://lao.ca.gov/LAOEconTax/Article/Detail/368

2021-22 “Big Three” Revenue Outlook Update: April 20, 2022 [EconTax Blog]

Apr 21, 2022 - Our estimates suggest that it is virtually certain that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will significantly exceed the Governor ’s Budget assumption of $185 billion in 2021-22.
https://lao.ca.gov/LAOEconTax/Article/Detail/732

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - The Constitution allows refunds of taxes to be excluded from appropriations subject to limit (see: Section 8(a) of Article XIIIB of the California Constitution). As a result, these types of tax refunds are scored as spending rather than revenue reductions.
https://lao.ca.gov/Publications/Report/4631

U.S. Retail Sales Update: March 2021 [EconTax Blog]

Apr 15, 2021 - March retail sales were nearly 10 percent above February and 28 percent above March 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/643

The 2022-23 Budget: Temporary Limits on Business Tax Provisions [Publication Details]

Jan 26, 2022 - The 2022-23 Budget: Temporary Limits on Business Tax Provisions [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/4500

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Through Savings Plus, employees can open a 401(k) and/or a 457(b) account and can choose to make contributions on a pre-tax or post-tax basis to these accounts. Employees can then choose from a variety of investment options, including indexed and m anaged funds and target-date funds.
https://lao.ca.gov/Publications/Report/4800

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - Still, in any given year, the amount of revenue the entity tax generates should exceed the amount of entity tax credits used by PIT filers. Entity Tax Will Sunset in 2026 if Not Sooner. As stated above, the entity tax will be in effect from calendar years 2021 to 2025.
https://lao.ca.gov/Publications/Report/4452