Cannabis Tax Revenue Update [EconTax Blog]

Feb 20, 2019 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/347

K-12 Funding by Source [EdBudget]

Mar 4, 2021 - The 2021-22 amount excludes approximately $1.3 billion related to programs affected by this shift. d Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. e The 2020-21 amount consists of $4.4 billion from the Coronavirus Relief Fund, $1.6 billion from the Elementary
https://lao.ca.gov/Education/EdBudget/Details/485

Property tax assessment. [Ballot]

Sep 24, 2018 - Other Taxes on Property Sales.   Cities and counties collect taxes on the transfer of homes and other real estate. Statewide, transfer taxes raise around $1  billion for cities and counties. Counties Administer the Property Tax.  
https://lao.ca.gov/BallotAnalysis/Initiative/2018-006

Statewide Tax on sugar-sweetened drinks. [Ballot]

Aug 21, 2018 - The measure would allow local governments to enact taxes on nonalcoholic drinks. To the extent that local governments enact such taxes, local tax revenues would increase. The amou nt of new revenue would depend on the number of local governments that enact these taxes and on the policy choices they make (such as the tax rate).
https://lao.ca.gov/BallotAnalysis/Initiative/2018-004

Proposition 25 [Ballot]

Nov 3, 2020 - Impact on State and Local Tax Revenues. This proposition would impact both state and local tax revenues. On the one hand, it would reduce state and local tax revenues. For example, insurance companies would no longer pay taxes on bail bond fees.
https://lao.ca.gov/BallotAnalysis/Proposition?number=25&year=2020

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - All of our revenue estimates use the administration’s assumptions for the effects of conforming to certain federal tax law changes and expanding the Earned Income Tax Credit. Personal Income Tax (PIT) PIT Growth Remains Steady.
https://lao.ca.gov/Publications/Report/4037

The 2020-21 Budget: Initial Comments on the Governor’s May Revision

May 17, 2020 - Tax credits reduce a business ’s tax bill directly, on a dollar ‑for ‑dollar basis. The largest business tax credit is the research and development credit. In addition, the administration proposes two actions to increase sales tax compliance on used car purchases; however, they do not count these as budget solutions.
https://lao.ca.gov/Publications/Report/4232

Cannabis Tax Revenue Update [EconTax Blog]

Nov 15, 2018 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/326

COVID-19: Unemployment Insurance for Workers Impacted by COVID-19

Mar 23, 2020 - To fund the benefits, employers pay a payroll tax on the first $7,000 of employee wages. The payroll tax rate is based on the employers “experience rating, ” in which the tax rate is higher for employers who have had many UI claims in the past and lower for employers with fewer claims.
https://lao.ca.gov/Publications/Report/4208

Funding for students attending private schools. [Ballot]

Oct 13, 2021 - Districts pay off these bonds over time with revenue generated by increasing their property tax rates. Other sources of local revenue include donations, parcel taxes, interest earnings, and developer fees.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-011