2004-05 Budget Perspectives and Issues: The Problem of Abusive Tax Shelters

Thus, some tax sheltering activity is explicitly allowable under the state's tax laws. Other types of tax shelte ring activities, however, are not specifically identified in federal or state tax law.
https://lao.ca.gov/analysis_2004/2004_pandi/pi_part_5f_taxshelters_anl04.htm

^[PDF] Investment Income and the Insurance Gross Premiums Tax

For this reason, a premiums tax was adopted. Advantages and Disadvantages of the Gross Premiums Tax There are plusses and minuses associated with relying on a gross premiums tax in- stead of an income tax to tax insurers.
https://lao.ca.gov/handouts/Econ/2008/Gross_Premiums_7_24_08.pdf

^[PDF] Managed Care Organization Tax: Background and Issues for Consideration on Administration’s Proposal

MCO Tax Has Imposed a Relatively Small Cost to MCOs… Most state taxes provide funding to the state budget by imposing a cost on taxpayers. In this regard, the MCO tax is very different from most taxes, in that the federal government—rather than the MCOs that pay the tax—bears most of the burden of the tax.
https://lao.ca.gov/handouts/health/2023/MCO-Tax-053023.pdf

^[PDF] Two-Thirds Vote Preservation Act of 2005

BACKGROUND INFORMATION State Taxes and Fees Taxes. The State Constitution requires a two-thirds vote of each house of the Legislature for measures that result in net aggregate increases in revenues from imposing new taxes or changing existing taxes.
https://lao.ca.gov/ballot/2005/050177.pdf

^[PDF] The McCauley Pension Recovery Act

While the proposed excise tax is not technically a tax on current income, the outcome is similar (especially since this measure allows the excise tax to be paid over time). As a result, the excise tax may not survive a legal chal- lenge.
https://lao.ca.gov/ballot/2009/090203.pdf

^[PDF] Abusive Tax Shelters: Impact of Recent California Legislation

Abusive TAx shelTers Under both the state’s personal income tax (PIT) and the corporation tax (CT), tax- payers are able to shelter certain income from taxation. Some of these forms of shelter- ing are explicitly allowed under the tax code.
https://lao.ca.gov/2006/abusive_tax_shelters/abusive_tax_shelters_012706.pdf

^[PDF] The McCauley-Rooker Wealth Tax and Oceans Preservation Act

Impact From New Taxes One-Time Increase From the Wealth Tax. The measure would result in a one-time increase in state revenues (realized in 2011-12 and 2012-13) as a result of the establish- ment of the wealth tax.
https://lao.ca.gov/ballot/2008/080821.pdf

^[PDF] Taxes [V-2]

Local Taxes. Local governments may impose or increase taxes (other than ad valorem property taxes) subject to the approval of their local voters. If the local gov- ernment proposes to use the tax proceeds for general purposes (a “general tax”), the tax requires approval by a majority of local voters.
https://lao.ca.gov/ballot/2009/090781.pdf

The 2018-19 Budget: Proposition 98 Education Analysis

Feb 7, 2018 - These proportions differ from many other states, where local property tax revenue covers a much larger share of school funding. Unlike most other states, California ’s State Constitution limits local property tax rates.
https://lao.ca.gov/Publications/Report/3741

LAO 2009-10 Budget Analysis Series: General Government: Increase State Revenues by Making Changes to Tax Programs

Penalize Taxpayers Claiming Baseless and Overstated Tax Refunds. Taxpayers can claim a tax refund on their income tax if the tax they owe is less than the amount they paid during the tax year through withholding.
https://lao.ca.gov/analysis_2009/general_govt/gen_anl09003004.aspx