The 2018-19 Budget: California's Fiscal Outlook [Publication Details]

Nov 15, 2017 - The Legislature can use discretionary resources to build more budget reserves, increase spending, and/or reduce taxes. We also estimate the Legislature will have $5.3 billion in uncommitted school and community college (Proposition 98) funds to allocate in 2018-19.
https://lao.ca.gov/Publications/Detail/3718

^[PDF] An Overview of the 1995-96 Analysis of the Budget Bill

An Overview of the 1995-96 Analysis of the Budget Bill State Revenue Effects of the Tax Reduction Proposal 1995-96 Thro h 1998-99 (In Billions) Personal Income Tax Continuation of high-income tax brackets after 1995 $0.3 $0.8 Phase-in of 15 percent tax cut -0.4 -1.5 Net effect (-$0.1) (-$0.7) Bank and Corporation
https://lao.ca.gov/reports/1995/an_overview_of%20the%2095-96_analysis_of_the_budget_bill.pdf

^[PDF] BOE’s Cigarette and Tobacco Programs

The State Board of Equalization (BOE) collects this tax from distributors who supply cigarettes to wholesalers or retailers. Distributors pay this tax by purchasing cigarette tax stamps and affi xing them to packs of cigarettes prior to distribution.  State Levies Excise Tax on Other Tobacco Products.
https://lao.ca.gov/handouts/localgov/2015/BOEs-Tobacco-Programs-031015.pdf

2007 Initiative Analysis:  Homeowner's and Renter's Tax Relief Act

Reduced Property Tax Deductions. The reduction in property taxes described above would result in a reduction in property tax itemized deductions reported on PIT returns. This would result in increased PIT revenues of approximately $200  million annually.
https://lao.ca.gov/ballot/2007/070839.aspx

^[PDF] Ask Us First Taxpayer Protection Act of 2010

This has been interpreted to allow measures that do not result in a net increase in state taxes to be adopted by majority vote. For example, a measure that results in higher taxes for some taxpayers but an equal (or larger) reduction in taxes levied on other tax- payers would not result in an aggregate increase in taxes.
https://lao.ca.gov/ballot/2009/090846.pdf

^[PDF] Volatility of California’s Personal Income Tax Structure

Volatility of California’s Personal Income Tax Structure Volatility of California’s Personal Income Tax Structure MAC TAYLOR • L E G I S L A T I V E A N A L Y S T • SEPTEMBER 2017 ExEcutivE Summary The personal income tax (PIT) is the state government’s most important revenue source.
https://lao.ca.gov/reports/2017/3703/volatility-Cal-PIT-structure-092817.pdf

LAO 2009-10 Budget Analysis Series: General Government: Increase Tax Revenues Without Proposed IT System

Direct FTB to Use Existing Tax Return Data to Increase Tax Revenues. Most PIT tax returns —68 percent or 10.4 million —and 16 percent (229,000) of business entity tax returns were filed electronically in 2007.
https://lao.ca.gov/analysis_2009/general_govt/gen_anl09003005.aspx

1998-99 Perspectives and Issues: Perspectives on State Revenues Part I

This is largely a result of tax law changes affecting the special funds. The voter approval of gasoline tax increases in 1990, the creation of the one-half cent Local Re venue Fund sales tax in 1991, and voter approval of a one-half cent sales and use tax for local public safety in 1993, have significantly added to the special funds revenue totals.
https://lao.ca.gov/analysis_1998/p_and_i_1998/part3_revenues1_pandi98.html

^[PDF] 2022 Update on the California Earned Income Tax Credit

The federal EITC is a fully refundable income tax credit that reduces tax liability for tax filers with earnings. (A fully refundable tax credit means the filer receives the full amount of the credit even if the credit is worth more than they owe.)
https://lao.ca.gov/handouts/state_admin/2022/2022-Update-on-the-CalEITC-100322.pdf

^[PDF] Temporary extension of Proposition 30 income tax increases.

Proposition 30 temporarily raised some state taxes.  Sales Taxes. Proposition 30 increased the state sales tax rate by one-quarter cent from 2013 through 2016. In the current fiscal year, this increase is budgeted to generate $1.6 billion of revenue.  Income Taxes.
https://lao.ca.gov/ballot/2015/150492.pdf