The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption $994 $9,990 a “Pass through ” means that the business is not directly taxed under federal law. The business income instead passes through to the owner (or owners) of the business who pay personal income tax (PIT) on their business income. b These amounts do not include any
https://lao.ca.gov/Publications/Report/4207

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption [Publication Details]

Mar 23, 2020 - The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption [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/4207

The 2018-19 Budget: California’s New Tax Departments [Publication Details]

Apr 4, 2018 - The 2018-19 Budget: California’s New Tax Departments [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/3796

Review of the California Competes Tax Credit

Oct 31, 2017 - We will receive preliminary data on the use of tax credits for the 2016 tax year in November 2017.) Taxpayers claimed $3  million worth of California Competes credits in tax year 2014 and $12.6  million in tax year 2015.
https://lao.ca.gov/Publications/Report/3709

Review of the California Competes Tax Credit [Publication Details]

Oct 31, 2017 - Review of the California Competes Tax Credit [Publication Details] Description: California Competes awards income tax credits to attract or retain businesses considering a significant new investment in California.
https://lao.ca.gov/Publications/Detail/3709

Income Mobility in California Across Generations

Jan 4, 2017 - Chetty and Hendren used two decades of tax return data from 5 million families to assemble a uniquely rich data set. They measure income using pre–tax income from labor market earnings and capital (for example, from the sale of stocks or bonds), as well as unemployment, social security, and disability benefits.
https://lao.ca.gov/Publications/Report/3518

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - (In this report, we use the term “school district” to encompass school districts, community college districts, and county offices of education.) Gann Limit Constrained State Spending in Mid ‑1980s. Figure  1 shows historical calculations of the state ’s appropriations limit, or SAL, and appropriations subject to the limit.
https://lao.ca.gov/Publications/Report/3596

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

Feb 22, 2017 - Though Superior Court decisions generally are not binding precedent, one California Superior Court decision ( Children and Families Commission of Fresno County et al. v. Edmund G. Brown, Jr., et  al ) considered issues concerning supplantation of funds related to Proposition  10 (1998), another voter ‑approved tobacco measure.
https://lao.ca.gov/Publications/Report/3573

The 2014-15 Budget: Pilot Program to Improve Property Tax Administration [Publication Details]

Mar 13, 2014 - The 2014-15 Budget: Pilot Program to Improve Property Tax Administration [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/2974

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - The 2022-23 Budget: Temporary Limits on Business Tax Provisions The 2022‑23 Budget Temporary Limits on Business Tax Provisions Summary. This post provides background on temporary limits on the use of net operating loss deductions and business tax credits.
https://lao.ca.gov/Publications/Report/4500