March 2021 State Tax Collections [EconTax Blog]

Apr 28, 2021 - March 2021 State Tax Collections [EconTax Blog] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/LAOEconTax/Article/Detail/646

Income Tax Withholding Tracker: April 1 - April 26 [EconTax Blog]

Apr 26, 2021 - Income Tax Withholding Tracker: April 1 - April 26 [EconTax Blog] Income Tax Withholding Tracker: April 1 - April 26 April 26, 2021 Brian Uhler Bottom Line: California income tax withholding collections in April to date are 30.3 percent above April 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/644

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Under Proposition  2, the state must continue to deposit funds into the BSA until it reaches a threshold balance of 10  percent of General Fund tax revenue. Once the BSA reaches this threshold, required deposits that would bring the fund above 10  percent of General Fund taxes instead must be spent on infrastructure.
https://lao.ca.gov/Publications/Report/4418

The State Appropriations Limit

Apr 21, 2021 - These are determined by first estimating proceeds of taxes from all state sources and then subtracting exclusions. Determine Proceeds of Taxes. All state proceeds of taxes are included in the limit regardless of their fund source.
https://lao.ca.gov/Publications/Report/4416

Environmental Sustainability Education in Schools (Amendment #1). [Ballot]

Apr 20, 2021 - The state meets the minimum requirement by providing schools with funding from local property tax revenue and state tax revenue. Proposal Establishes Environmental Training Requirements for All Teachers and Students.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-002

U.S. Retail Sales Update: March 2021 [EconTax Blog]

Apr 15, 2021 - March retail sales were nearly 10 percent above February and 28 percent above March 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/643

Tax Credit Expansions in the American Rescue Plan [Publication Details]

Apr 13, 2021 - Tax Credit Expansions in the American Rescue Plan [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/4410

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Tax Credits Reduce Liability, Not Income. A credit is a tax provision that can be used to reduce a filer ’s final liability (amount of tax owed) after tax rates are applied. For example, the California income tax allows all single filers a personal exemption credit of $109.
https://lao.ca.gov/Publications/Report/4410

Income Tax Withholding Tracker: March 1 - March 29 [EconTax Blog]

Mar 30, 2021 - Income Tax Withholding Tracker: March 1 - March 29 [EconTax Blog] Income Tax Withholding Tracker: March 1 - March 29 March 30, 2021 Brian Uhler Bottom Line: California income tax withholding collections in March to date are 20.3 percent above March 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/636

The 2021-22 Budget: “Cradle to Career” Data System

Mar 26, 2021 - The departments GovOps oversees include the Department of General Services, the Franchise Tax Board, and the Public Employees ’ Retirement System, as well as the Department of Technology. GovOps itself consists of 57 authorized positions.
https://lao.ca.gov/Publications/Report/4409