2003 Initiative Analysis: Corporate Tax Accountability Act

Background Information Current Tax Law . California levies taxes on the income of both individuals and businesses through the personal income tax and corporation tax (CT). State law includes special tax provisions for c ertain business-related activities that result in lower tax liabilities than would otherwise occur.
https://lao.ca.gov/ballot/2003/030559.htm

Analysis of the 1995-96 Budget Bill: The Governor's Tax Proposal

Absent these high brackets, the distribution of the tax reduction between the PIT and the B &C tax would be similar to their tax shares in recent years.
https://lao.ca.gov/analysis_1995/pt5-a1.html

2006 Initiative Analysis: McCauley-Rooker Tax Equity and Fiscal Responsibility Act

The state also levies an estate tax payable upon death, equal to the amount of any available state tax credit allowed under the federal estate tax (currently zero). Finally, residential and commercial property is subject to a general-purpose local ad val orem property tax rate of up to 1  percent annually, plus any additional tax for voter-approved indebtedness.
https://lao.ca.gov/ballot/2006/060370.htm

^[PDF] McCauley-Rooker Tax Equity and Fiscal Responsibility Act

The state also levies an estate tax payable upon death, equal to the amount of any available state tax credit allowed under the federal estate tax (currently zero). Finally, residential and commercial property is subject to a general-purpose local ad valorem property tax rate of up to 1 percent annually, plus any additional tax for voter-approved indebtedness.
https://lao.ca.gov/ballot/2006/060370.pdf

An Initial Assessment of the California Performance Review: Overview and Reorganization

These include the elimination of boards and commissions, the consolidation of county offices of education into regional bodies, the elimination of the community colleges' Board of Governors, and a new structure for overseeing the state's use of information technology.
https://lao.ca.gov/2004/cpr/082704_cpr_review_ov.htm

^[PDF] Wealth Tax. (Amendment #1-S.)

It also eliminates the current alternative minimum tax for both the PIT and the CT. Curtails Certain Tax Expenditures. The measure eliminates or restricts certain so- called tax expenditure programs (TEPs).
https://lao.ca.gov/ballot/2005/050639.pdf

^[PDF] Senior citizens' property tax assistance is

Senior citizens' property tax assistance is available only on that portion of taxes paid on the first $34,000 of full value, after taking into account the $7,000 homeowners' property tax exemption. Assistance disbursed in 1980-81 will be based on taxes paid in 1979-80.
https://lao.ca.gov/analysis/1980/13_tax_relief_1980.pdf

2005 Initiative Analysis: The McCauley-Rooker Tax Equity and Fiscal Responsibility Act

Annual increased state taxes—primarily from increased personal income taxes—in the low tens of billions of dollars annually, offset by a commensurate amount of state tax reduct ions from rate reductions and new tax credits.
https://lao.ca.gov/ballot/2005/050762.htm

^[PDF] The McCauley-Rooker Tax Equity and Fiscal Responsibility Act

The state also levies an estate tax payable upon death, equal to the amount of any available state tax credit allowed under the federal estate tax. Finally, residential and commercial property is subject to a general-purpose local ad valorem property tax rate of up to 1 percent annually, plus any additional tax for voter-approved indebtedness.
https://lao.ca.gov/ballot/2005/050762.pdf

2003 Budget Analysis: P&I, Part 1

Under most circumstances, some of the increase in taxpayers' state tax liabilities is likely to be offset by reduced federal income taxes due to the deductibility of state and local taxes for federal income tax purposes.
https://lao.ca.gov/analysis_2003/2003_pandi/pi_part_5a_taxes_anl03.html