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

Mar 28, 2022 - We currently project that there is a very good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the Governor ’s Budget assumption of $185 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/729

Card Spending Update: January 2021 [EconTax Blog]

Feb 12, 2021 - To do this, we use an index—a weighted average of different spending categories—designed to track movements in California’s sales tax base. In this post, we update the index to include January data and to incorporate data revisions for earlier months.
https://lao.ca.gov/LAOEconTax/Article/Detail/623

November 2016 State Tax Collections [EconTax Blog]

Dec 2, 2016 - November 2016 State Tax Collections [EconTax Blog] Seth Kerstein We now have preliminary information from the state 's tax agencies on November 2016 state tax collections--specifically, the state 's "Big Three " General Fund taxes: the personal income tax (PIT), the corporation tax (CT), and the sales and use tax (SUT).
https://lao.ca.gov/LAOEconTax/Article/Detail/219

State Corporate Taxation Of Sales to the Federal Government [Publication Details]

Jan 21, 1999 - State Corporate Taxation Of Sales to the Federal Government
https://lao.ca.gov/Publications/Detail/313

Income Tax Withholding Tracker: September 1 - September 24 [EconTax Blog]

Sep 24, 2021 - Income Tax Withholding Tracker: September 1 - September 24 [EconTax Blog] Income Tax Withholding Tracker: September 1 - September 24 September 24, 2021 Brian Uhler Bottom Line: California income tax withholding collections in September to date are 23.5 percent above September 2020, and collections to date in fiscal year 2021-22 are 22.5 percent above 2020-21.
https://lao.ca.gov/LAOEconTax/Article/Detail/702

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

Nov 23, 2021 - Likely decrease in state tax and fee revenues over time that could reach several hundred million dollars annually, primarily from reduced state income tax and sales tax paid by oil and gas extraction businesses, their employees, and others with jobs induced by the oil and gas industry.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-028

Cannabis Tax Revenue Update [EconTax Blog]

Jun 2, 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/661

Income Tax Withholding Tracker: August 1 - August 27 [EconTax Blog]

Sep 7, 2021 - Income Tax Withholding Tracker: August 1 - August 27 [EconTax Blog] Income Tax Withholding Tracker: August 1 - August 27 September 7, 2021 Brian Uhler Bottom Line: California income tax withholding collections in August through the 27th were 19.7 percent above August 2020, and collections to date in fiscal year 2021-22 were 20.2 percent above 2020-21.
https://lao.ca.gov/LAOEconTax/Article/Detail/692

Understanding California’s Property Taxes [Publication Details]

Nov 29, 2012 - In the report, we answer some common questions about the state's property taxes, such as: what taxes and charges are on the property tax bill, what properties make up California's tax base, which local local governments receive property tax revenue, and how does the property tax affect the state budget.
https://lao.ca.gov/Publications/Detail/2670

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - The state could reform th e underlying tax structure to make it less volatile, which nearly certainly would involve reducing tax rates for higher ‑income earners. Or, the state could address volatility by building reserves —funds that can be saved during upswings and spent during downturns.
https://lao.ca.gov/Publications/Report/4687