The 2020 Census: Potential Impacts on California

Dec 13, 2018 - Administrative records that the Bureau will use include: tax returns from the Internal Revenue Service, Medicare and Medicaid enrollment information, Supplemental Nutrition Assistance Program records, and property tax and deed data.
https://lao.ca.gov/Publications/Report/3909

November 2018 State Tax Collections [EconTax Blog]

Dec 12, 2018 - November 2018 State Tax Collections [EconTax Blog] Seth Kerstein November 2018 State Tax Collections Personal Income Tax (PIT) Collections in November Higher Due to Processing Issue. As noted last month , a processing issue caused a delay in the receipt of October withholding.
https://lao.ca.gov/LAOEconTax/Article/Detail/334

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - The net benefit calculation includes revenue gains from four major taxes —the personal income tax, the sales tax, the corporation tax, and the property tax —resulting from economic activity generated by the exemption.
https://lao.ca.gov/Publications/Report/3907

Evaluation of a Sales Tax Exemption for Certain Manufacturers [Publication Details]

Dec 11, 2018 - Evaluation of a Sales Tax Exemption for Certain Manufacturers [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/3907

Were Local School Bond Measures Impacted By Recent Federal Tax Changes? [EconTax Blog]

Nov 30, 2018 - This, in effect, reduced the taxpayer ’s cost of paying state income taxes and local property taxes. Now, state income tax or local property tax payments beyond $10,000 result in no federal income tax savings.
https://lao.ca.gov/LAOEconTax/Article/Detail/330

Taxation of Sugary Drinks

Nov 26, 2018 - Different Types of Sugary Drink Taxes Volume ‑Based Tax. Under a volume ‑based tax, the amount of tax owed depends only on the volume of the taxed drink. As shown in Figure  3, for example, a one cent per ounce tax results in a tax of $0. 12 o n a can of cola and $0. 64 o n a large bottle of cranberry juice cocktail.
https://lao.ca.gov/Publications/Report/3903

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - Taxation of Sugary Drinks [Publication Details] HTML Description: Taxes on sugary drinks have become increasingly common in recent years. In June 2018, the Legislature passed a law (Chapter 61 of 2018 [AB 1838, Committee on Budget]) prohibiting local governments from levying such taxes (and other taxes on groceries) through 2030.
https://lao.ca.gov/Publications/Detail/3903

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

Fiscal Outlook: Focus on Revenues [EconTax Blog]

Nov 14, 2018 - Revenues from California ’s three largest taxes —the personal income tax (PIT), sales tax, and corporation tax (CT) —have increased 41 percent from 2012-13 to 2017-18. PIT revenues have increased 46 percent over that same period.
https://lao.ca.gov/LAOEconTax/Article/Detail/318

Fiscal Outlook: Property Tax Estimates Exceed Budget Expectations [EconTax Blog]

Nov 14, 2018 - Property Taxes and the State Budget. Although the state receives no revenue from local property taxes, these taxes affect the state budget. State funding requirements for schools are met through a combination of property taxes received by schools and state General Fund dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/320