The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In 2018, most states that levy a state PIT took some legislative action to conform to the federal changes made in December 2017. While some states adopted most of the changes, other states updated their conformity dates in state law —for example, New York on a rolling basis and Virginia on a static basis —but decoupled from many of the major federal changes.
https://lao.ca.gov/Publications/Report/3959

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - In addition to state excise tax revenues, the state receives federal fuel excise tax revenue for transportation. In recent years, the state typically has received roughly $4  billion per year for this purpose.
https://lao.ca.gov/Publications/Report/4528

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - …But State Role Is Unclear. As we noted in our overarching comments, it is reasonable for the state to have an interest in promoting goods movement given the importance of trade to the state ’s economy.
https://lao.ca.gov/Publications/Report/4540

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - COVID ‑19 Significantly Impacted State Tourism and Visit California Revenue. Tourism is an important industry in the state that was impacted by the COVID ‑19 pandemic to a greater extent than many other sectors of the state ’s economy.
https://lao.ca.gov/Publications/Report/4529

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - The Governor ’s budget proposes to exempt the RRF and SVOG grants from state taxation by conforming the state tax laws to federal law. The administration estimates that this change would reduce state tax revenues by about $500  million over several years.
https://lao.ca.gov/Publications/Report/4501

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - The data come from the state ’s Metrc “track and trace” system for licensed cannabis. In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2021.
https://lao.ca.gov/Publications/Report/4608

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - Background State Temporarily Raised Business Taxes to Address Anticipated Budget Problem. The onset of the COVID ‑19 pandemic had far ‑reaching negative impacts on the state economy and significantly impacted the state budget.
https://lao.ca.gov/Publications/Report/4500

Biannual Report on Truck Deliveries

Dec 1, 2021 - Cross-State Purchases of Large Trucks Are Uncommon. Although we could not acquire the data specified by the statute, some data from the Department of Motor Vehicles can help us put the general magnitude of cross-state large truck purchases into perspective.
https://lao.ca.gov/Publications/Report/4479

Improving California’s Unemployment Insurance Program [Publication Details]

Aug 8, 2022 - California's Unemployment Insurance (UI) program provides wage replacement to unemployed workers. The program has faltered during recent downturns, causing hardship for workers and their families, holding back the state's economic recovery, and spurring frustration among Californians with their government.
https://lao.ca.gov/Publications/Detail/4615

California’s Cannabis Taxes [Publication Details]

Feb 22, 2022 - Presented to: Senate Budget and Fiscal Review Subcommittee #4 on State Administration and General Government
https://lao.ca.gov/Publications/Detail/4559