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 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - The 1991 and 2011 r ealignments dedicated state sales tax and vehicle license fee revenue to counties for the administration of various programs on behalf of the state. The budget provides $ 750  m illion to backfill anticipated declines in realignment revenue in 2020 ‑21.
https://lao.ca.gov/Publications/Report/4263

The 2020-21 Spending Plan: Transportation

Oct 5, 2020 - In particular, reductions in diesel sales tax revenues have reduced funding that supports STA. Gasoline excise taxes are also expected to be lower in 2020 ‑21 than previously predicted. However, Caltrans is able to maintain funding for its programs supported by these revenue sources because it has built up sufficient fund balances.
https://lao.ca.gov/Publications/Report/4272

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Earned Income Tax Credit Expands Eligibility for California Earned Income Tax Credit (EITC). The California EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4270

The 2020-21 Spending Plan: Labor and Employment Issues

Oct 5, 2020 - The department requested resources for AB  5 because its payroll tax auditors must determine if a worker is an independent contractor or an employee. Funds will be used to train auditors to apply the new test and hire auditors to prepare audits for additional employer appeals that are expected as a result of the law.
https://lao.ca.gov/Publications/Report/4274

The 2020-21 Spending Plan: Tax Changes [Publication Details]

Oct 5, 2020 - The 2020-21 Spending Plan: Tax Changes [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4270

The 2020-21 Spending Plan: Resources and Environmental Protection

Oct 5, 2020 - Specifically, the augmentation provides (1) $34.2  million to support 172 permanent firefighting positions; (2) $44  million for 378 seasonal firefighters and other surge capacity; (3) $7.5  million for the six CalFire contract counties, pursuant to the state ’s existing budgeting methodology for contract counties, which is tied to CalFire ’s budget for fire response resources; and (4) $1.8  million for facilities and equipment, such as purchasing vehicles.
https://lao.ca.gov/Publications/Report/4275

Building Permits Update: August 2020 [EconTax Blog]

Oct 2, 2020 - Most of the dropoff from July is due to Los Angeles County, which recorded 1,733 permits in July but just 624 in August. This is not an unusual level of month to month fluctuation: multifamily permit activity is dominated by large projects, and totals are volatile especially at the county level.
https://lao.ca.gov/LAOEconTax/Article/Detail/558

Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog]

Oct 2, 2020 - Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog] Income Tax Withholding Tracker: September 28 - October 2 October 2, 2020 Brian Uhler Bottom Line:   California income tax withholding collections this week were 27 percent below the comparable week in 2019, but this may reflect a timing issue.
https://lao.ca.gov/LAOEconTax/Article/Detail/556

Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog]

Sep 25, 2020 - Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog] Income Tax Withholding Tracker: September 21 - September 25 September 25, 2020 Brian Uhler Bottom Line:   California income tax withholding surged this week, as collections were 40 percent above the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/554