The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Recently, corporation tax collections have grown faster than anticipated while personal income tax collections have grown somewhat slower. The administration assumes that this pattern will continue. This is because they attribute the pattern to partnerships, which are taxed under the personal income tax, changing to corporations in response to 2017 federal tax changes.
https://lao.ca.gov/Publications/Report/4135

Mental Health Services Act: Impact of Governor's Proposal on Funding for Children and Youth

Aug 10, 2023 - Approved by voters in 2004, the MHSA places a 1  percent tax on personal income over $1  million and dedicates the associated revenues to mental health services. The vast majority ­ of MHSA revenues —at least 95   percent —goes directly to counties, ­ ­ ­ ­which use it to support a variety of services for individuals with or at risk of mental illness.
https://lao.ca.gov/Publications/Report/4786

Amend the Constitution to allow and facilitate future, but unknown, legislative actions that could substantially increase state healthcare spending and associated tax revenues. [Ballot]

Oct 9, 2017 - The above constitutional changes would allow and facilitate potentially large increases in new tax revenues dedicated to healthcare spending. Potential Redirection of Existing Tax Revenues. In addition to new taxes, the measure ’s provisions would apply to the redirection of existing state tax revenues to the HCTF.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-019

Federal Spending in California

Jan 18, 2017 - To do this, the Tax Foundation increases its estimate of tax revenues from each state in proportion to the total federal deficit. In effect, this inflates the estimated amount Californians “pay” in taxes.
https://lao.ca.gov/Publications/Report/3531/2

California's Earned Income Tax Credit (EITC) Expansion [EconTax Blog]

Jul 13, 2017 - Expanded Earned Income Tax Credit. This legislation expands the state EITC to families with self-employment income and to include tax filers with incomes up to $22,300. This will increase significantly the number of filers eligible to claim the tax credit.
https://lao.ca.gov/LAOEconTax/Article/Detail/249

Overview of the 2017 Transportation Funding Package

Jun 8, 2017 - State Fuel Taxes Gasoline Taxes ($2.5   Billion). The state currently has two excise taxes on each gallon of gasoline: a base tax and a variable “swap ” tax. (We note that there is also a federal excise tax of 18.4  cents per gallon.)
https://lao.ca.gov/Publications/Report/3688

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - The spending plan reauthorizes the MCO tax —for three and one ‑half years —under a broadly similar structure as the previous tax. As with the previous MCO tax, the reauthorized tax is a tiered, per ‑member, per month tax on the Medi ‑Cal and commercial enrollment of MCOs.
https://lao.ca.gov/Publications/Report/4083

State sales tax and teacher compensation. [Ballot]

Oct 11, 2017 - The guaranteed funding is provided through a combination local property tax revenues and th e state General Fund (consisting primarily of personal income tax, state sales and use tax, and corporation tax revenue).
https://lao.ca.gov/BallotAnalysis/Initiative/2017-021

California’s First Film Tax Credit Program

Sep 29, 2016 - The state ’s corporation tax was most significantly affected —we estimate that nearly $700  million in tax credits, 87  percent of the total, will be applied against corporation tax liabilities. Just over $100  million in film tax credits will be used to request refunds of sales and use tax.
https://lao.ca.gov/Publications/Report/3502

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - UI Program Is Financed Through Employer Tax Contributions. Employers pay both state and federal UI payroll taxes. State UI taxes are deposited into the state ’s UI trust fund to pay for benefits to unemployed workers.
https://lao.ca.gov/Publications/Report/3503/1