The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach [Publication Details]

May 8, 2018 - The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach [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/3826

The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - (Personal income tax returns typically are filed between January and April of the year following the tax year —returns for tax year 2015 are filed in early 2016.) Claims did not significantly increase for tax year 2016, when 385,910 filers claimed the EITC.
https://lao.ca.gov/Publications/Report/3826

January 2018 State Tax Collections [EconTax Blog]

Feb 2, 2018 - January 2018 State Tax Collections [EconTax Blog] Seth Kerstein This post describes preliminary data concerning personal income tax (PIT), corporation tax (CT), and sales and use tax  (SUT)  collections for January 2018.
https://lao.ca.gov/LAOEconTax/Article/Detail/264

The 2018-19 Budget: The Administration’s Proposition 55 Estimates

Mar 1, 2018 - Proposition 55 (2016) aimed to increase funding for Medi-Cal under a formula administered by the Department of Finance. In 2018-19, the first year of implementation of this calculation, the administration’s interpretations and estimates result in no additional funds to Medi-Cal. Two key choices lead to this result. First, the administration’s decision to subtract $3.
https://lao.ca.gov/Publications/Report/3765

The 2018-19 Budget: The Administration’s Proposition 55 Estimates [Publication Details]

Mar 1, 2018 - Proposition 55 (2016) aimed to increase funding for Medi-Cal under a formula administered by the Department of Finance. In 2018-19, the first year of implementation of this calculation, the administration’s interpretations and estimates result in no additional funds to Medi-Cal. Two key choices lead to this result. First, the administration’s decision to subtract $3.
https://lao.ca.gov/Publications/Detail/3765

April 2019 Corporation Tax Collections Stronger Than Expected [EconTax Blog]

Apr 18, 2019 - April Typically Is Second Largest Corporation Tax Collections Month. Income tax collections in some months are more important than the results from other months due to when different types of tax payments are due.
https://lao.ca.gov/LAOEconTax/Article/Detail/362

December Major Taxes Far Above Projections [EconTax Blog]

Jan 3, 2018 - December Major Taxes Far Above Projections [EconTax Blog] Seth Kerstein December is a major revenue month for the state General Fund. As shown in the table below, the state 's  three main taxes (the personal income tax, the corporate income tax, and the sales and use tax)  combined were $4 billion (28%) above the monthly target reflected in last June 's state budget plan.
https://lao.ca.gov/LAOEconTax/Article/Detail/262

Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog]

Jan 26, 2021 - Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog] Income Tax Withholding Tracker: January 1 - January 25 January 26, 2021 Brian Uhler Bottom Line: California income tax withholding collections in January to date are 7 percent above January 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/614

Fiscal Outlook: Focus on Revenues [EconTax Blog]

Nov 15, 2017 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/257

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - Conform to Federal Limit on Local Tax Deductions. Taxpayers can deduct the amount of state and local taxes they pay (property taxes plus either sales or income taxes, but not both) from their federal taxable income.
https://lao.ca.gov/Publications/Report/4238