LAO 2006 Budget Analysis: Resources Bonds

Legal, Tax, and Policy Issues. As we discussed in a prior report, the issue of whether private entities are eligible to receive bond funds raises several legal, tax, and policy issues. (Please see our report, Proposition Resources Bond: Funding Eligibility of Private Water Companies [May 2004] ).
https://lao.ca.gov/analysis_2006/resources/res_03_anl06.html

Proposition 26: School Facilities. Local Majority Vote. Bonds, Taxes.

Bonds, Taxes. School Facilities. Local Majority Vote. Bonds, Taxes. Initiative Constitutional Amendment and Statute. Background Property Taxes The California Constitution limits property taxes to 1 percent of the value of property.
https://lao.ca.gov/ballot/2000/26_03_2000.html

2005 Initiative Analysis: California Minimum Wage Initiative

Speci fically: To the extent that higher wage costs reduced business profits, personal income taxes and corporate tax receipts would decline. This is significant because the average incom e tax rate on foregone business profits would generally be higher than the personal income tax rate on minimum wage employees’ wage increases.
https://lao.ca.gov/ballot/2005/050074.htm

^[PDF] Urban Tribal Casinos

For instance, to the extent that casinos result in increased taxable economic activity (above what otherwise would have occurred), state and local governments receive increased tax revenues (from the income, sales, and property taxes, for example).
https://lao.ca.gov/ballot/2005/050137.pdf

2005 Initiative Analysis: The Worker Empowerment Act (version 3)

Increased costs may reduce bu siness profitability, thereby decreasing income tax revenues. Partially offsetting this decrease could be a gain in the gross premiums tax paid by insurance companies. The net ef fect of these impacts is not possible to estimate.
https://lao.ca.gov/ballot/2005/051007.htm

^[PDF] Community College Governance

About two-thirds of the funding that supports community college programs is state General Fund support and local property tax revenues that are counted towards the state Proposition 98 spending total.
https://lao.ca.gov/ballot/2006/060672.pdf

^[PDF] The Voter's Right to Protect Marriage Initiative

(The law affects matters such as the receipt of federal benefits and federal taxes.) State Laws. The State Constitution currently does not define marriage. Under cur- rent California statute, only marriage between a man and a woman is valid and recog- nized.
https://lao.ca.gov/ballot/2007/070509.pdf

^[PDF] Medical expense tax deduction

Background The state levies a personal income tax (PIT) on the California income of individuals. The sum total of all of a taxpayer’s income from all sources is known as total income. Taxpayers are allowed to deduct certain expenses (known as “above-the-line” deduc- tions) from this amount.
https://lao.ca.gov/ballot/2007/070808.pdf

^[PDF] The McCauley-Rooker Wealth Tax and Oceans Preservation Act (version 3) (Amendment #1-NS)

The measure institutes a state wealth tax levied on the net assets of individuals with values in excess of about $40 million as of January 1, 2008. The wealth tax would be based on the tax rates established by the federal estate tax, which has a progressive structure and whose top rate in calendar year 2007 is 45 percent.
https://lao.ca.gov/ballot/2007/070842.pdf

^[PDF] Taxpayer Protection Act of 2008

Nonprofit and similar types of or- ganizations, however, are authorized to make political contributions (subject to reporting requirements, contribution limits, and federal tax status). Some of these organizations re- ceive dues or other voluntary payments from state or local government entities.
https://lao.ca.gov/ballot/2007/070857.pdf