How Will Aging Baby Boomers Affect Future Property Tax Revenues? [Publication Details]

Jun 20, 2017 - In the coming years, more and more aging homeowners likely will look to sell their homes. This surge in sales should boost local government property tax collections. These potential property tax gains are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.
https://lao.ca.gov/Publications/Detail/3693

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - And Transfer Program to CDTFA. With a more streamlined process for claiming the exemption, there would be no reason for CAEATFA to administer the program. Instead, the program could be administered by CDTFA —the department that administers the sales tax.
https://lao.ca.gov/Publications/Report/3907

Allocating Local Sales Taxes: Issues and Options [Publication Details]

Jan 24, 2007 - Recent agreements between cities and private businesses involving diversions of millions of dollars of local sales taxes have highlighted concerns raised over the years about the present “situs-based” system for allocating local sales taxes.
https://lao.ca.gov/Publications/Detail/1540

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - The proposed credit would clarify that —when city, county, and state minimum wages differ —the applicable minimum wage is whichever is highest. No Annual Certification. Unlike with the existing credit, the proposal would not require the taxpayer to submit a certification of employment to FTB every year.
https://lao.ca.gov/Publications/Report/3784

Taxation of Sugary Drinks

Nov 26, 2018 - Many recent sugary drink tax proposals —including local ordinances enacted in Boulder, Seattle, and four California cities, and recent bills introduced in the Legislature —define their tax bases similarly.
https://lao.ca.gov/Publications/Report/3903

The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - Proposition  10 stipulated, “no monies from [Proposition  10] shall be used to supplant state or local General Fund money for any purpose. ” The court found that transferring funds from Proposition  10 to avoid cuts in Medi ‑Cal was “disingenuous. ” Under that rationale, the court stated that “the state could cut Medi ‑Cal funding entirely and replace it with all with
https://lao.ca.gov/Publications/Report/3573

Perspectives on State Revenues 2004-05 [Publication Details]

Feb 18, 2004 - 2003-04 Forecast: We forecast that General Fund revenues and transfers will total $74.1 billion in the current year, a $2.8 billion (3.9 percent) increase from 2002-03. This is down $491 million from the budget forecast, of which $477 million is related to our lower estimate of personal income tax (PIT) revenues. 2004-05 Forecast: We forecast that revenues and transfers will total $75.
https://lao.ca.gov/Publications/Detail/1089

The Property Tax Inheritance Exclusion [Publication Details]

Oct 9, 2017 - When a property changes hands the taxes paid for the property often increase substantially. This is not true for most inherited property. Three decades ago, the Legislature and voters decided inherited property should not be reassessed when transferred. This has been a consequential decision. Many have benefited from the tax savings this policy affords.
https://lao.ca.gov/Publications/Detail/3706