Transportation-related taxes. [Ballot]

Nov 3, 2017 - Background State Transportation Taxes Taxes Require Two-Thirds Vote of Legislature. The State Constitution authorizes the Legislature to pass a tax with a two-thirds vote of each house. The Constitution defines what types of charges are considered taxes for this two-thirds vote requirement.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-033

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

Feb 22, 2017 - The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals $1,799 a Amounts reflect five quarters of revenue. b Replaces lost revenue to existing tobacco tax funds as well as state and local sales and use taxes.
https://lao.ca.gov/Publications/Report/3573

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

Feb 22, 2017 - The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals [Publication Details] The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals Format: HTML Description: Proposition 56 was approved by voters in November 2016 to increase taxes on cigarettes and other tobacco products.
https://lao.ca.gov/Publications/Detail/3573

The 2019-20 Budget: California Spending Plan—Housing and Homelessness

Oct 17, 2019 - Expanded Low-Income Housing Tax Credit. The budget package increases by $500  million the state ’s low-income housing tax credit program which provides tax credits to builders of rental housing affordable to low-income households.
https://lao.ca.gov/Publications/Report/4102

Financial Aid Award Amounts [EdBudget]

Aug 6, 2021 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit (CATC). The 2021-22 Budget Act caps the supplemental award at $12, though the actual award amount may be lower depending on available CATC revenues.
https://lao.ca.gov/Education/EdBudget/Details/540

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - Statutory Changes to Temporarily Change Process for Adjusting Cannabis Tax Rates. The California Department of Tax and Fee Administration (CDTFA) makes periodic, statutorily required adjustments to the rates for the state ’s two cannabis taxes: the retail excise tax and the cultivation tax.
https://lao.ca.gov/Publications/Report/4277

The 2019-20 May Revision: Initial Comments on the Governor’s May Revision

May 12, 2019 - We believe this increase in revenues likely is a one-time event in response to federal tax changes in 2017. Some Tax Policy Changes. The increase in revenues, including in PT and CT, also reflects some changes to tax policy and assumptions about the effects of those changes.
https://lao.ca.gov/Publications/Report/4039

Gauging Risk in Capital Gains Revenue Estimates [EconTax Blog]

Feb 12, 2019 - Gauging Risk in Capital Gains Revenue Estimates [EconTax Blog] Gauging Risk in Capital Gains Revenue Estimates February 12, 2019 Justin Garosi Revenue from taxation of capital gains is a major component of state personal income tax collections, making up 16 percent of total projected personal income tax revenues for 2018-19.
https://lao.ca.gov/LAOEconTax/Article/Detail/346

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - (Corporations previously avoided paying federal tax on these profits by holding them overseas.) Once this one-time tax is paid, corporations may bring these profits back to the U.S. any time (without paying any additional federal taxes).
https://lao.ca.gov/Publications/Report/3830

K-12 Funding by Source [EdBudget]

May 21, 2020 - Includes one-time pension payments of $2.1 billion in 2018-19, $1 billion in 2019-20, and $274 million in 2020-21. c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. d Consists of $4 billion from the Coronavirus Relief Fund, $1.6 billion from the Elementary and
https://lao.ca.gov/Education/EdBudget/Details/388