Initiative Analyses

Both the PIT and CT allow various deductions from income and credits against any tax owed. The state also levies an estate tax payable upon death, equal to the amount of the available state tax credit allowed under the federa l estate tax (this credit is currently zero).
https://lao.ca.gov/BallotAnalysis/Initiatives?page=55

^[PDF] College and University Funding and Accountability Act (Amdt 1S)

Tax Increases to Fund Universities. This measure would increase rates of four existing statewide taxes and fees, with the resulting revenue placed in a special fund to be used by UC and CSU. Specifically, the measure states the following: “Taxes increases in automobile registration of $5.00, a 0.20 cent tax increase per pack of
https://lao.ca.gov/ballot/2012/120242.pdf

Parole Realignment LAO Alternative Budget Package [Publication Details]

Mar 10, 2008 - Handout summarizing the LAO's proposed realignment of responsibility for supervision of low-level criminal offenders from the state parole system to county probation.
https://lao.ca.gov/Publications/Detail/1786

Administration of the Insurance Tax Program: A Case for Limited Reform [Publication Details]

Feb 1, 1985 - Administration of the Insurance Tax Program: A Case for Limited Reform [Publication Details] Administration of the Insurance Tax Program: A Case for Limited Reform Format: PDF Description: As a result of questions raised by state agencies and legislative staff regarding the administration of the insurance tax, the Legislature enacted Ch 994/80.
https://lao.ca.gov/Publications/Detail/2032

^[PDF] An Overview of California’s Research and Development Credit

This is because the $486,000 state tax reduction is partially offset by a $165,000 federal tax increase, due to the decline in deductible state taxes. Put another way, some of what the state loses in revenue in order to provide the credit ends up as increased revenue to the federal government. 9L E G I S L A T I V E A N A LY S T ’ S O F F I C
https://lao.ca.gov/2003/randd_credit/113003_research_development.pdf

^[PDF] Background on the California EITC

The California EITC is a personal income tax (PIT) credit that is intended to reduce poverty among California’s poorest working families by increasing their after-tax income. For those tax filers who qualify, the credit reduces income tax liability.
https://lao.ca.gov/handouts/socservices/2016/background-california-EITC-032916.pdf

^[PDF] Tax Expenditures

Of these, personal income tax (PIT) TEPs total around $30 billion, while corporation tax (CT) TEPs total about $5 billion (see pages 3 and 4).  Sales and Use Tax (SUT) TEPs are worth around $9 billion (see page 5).  There also are other TEPs associated with the insurance tax and other state taxes.  In
https://lao.ca.gov/handouts/state_admin/2012/Tax_Expenditures_2_22_12.pdf

^[PDF] California's Taxation of Vesels, Vehicles, and Aircraft: Out-of-State Purchases

Vessels that are purchased offshore can be used in Mexican waters tax free for up to ten years. • In Canada, yachts are subject to provincial sales taxes and a federal Goods and Ser- vices Tax. However, sales made for immediate delivery to foreign destinations are ex- empt.
https://lao.ca.gov/2006/vesseltax/vesseltax_050206.pdf

^[PDF] The California Residents College Accessibility and Affordability Act of 2014

Cigarette Excise Tax Linked With Other Tobacco Excise Taxes. Under Proposition 99, any increase in the cigarette excise tax triggers an automatic equivalent increase in the excise tax rate on other tobacco products.
https://lao.ca.gov/ballot/2012/120658.pdf

2012 Initiative Analysis:The California Residents College Accessibility and Affordability Act of 2014

Cigarette Excise Tax Linked With Other Tobacco Excise Taxes. Under Proposition 99, any increase in the cigarette excise tax triggers an automatic equivalent increase in the excise tax rate on other tobacco products.
https://lao.ca.gov/ballot/2012/120658.aspx