Sales Tax Exemptions for Diapers and Menstrual Products [Publication Details]

Jun 4, 2019 - Sales Tax Exemptions for Diapers and Menstrual Products [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/4068

Governor’s Proposed California Earned Income Tax Credit (CalEITC) Expansion [Publication Details]

Jun 4, 2019 - Governor’s Proposed California Earned Income Tax Credit (CalEITC) Expansion [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/4070

The MCO Tax Item 4260-101-0001 [Publication Details]

Jun 3, 2019 - The MCO Tax Item 4260-101-0001 [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/4066

Cannabis Tax Revenue Update [EconTax Blog]

May 23, 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/376

April 2019 State Tax Collections [EconTax Blog]

May 21, 2019 - Based on April receipts, the federal tax law appears to have significantly changed the timing of PIT collections. Specifically, filers no longer have an incentive to pay a higher proportion of their state tax liability within the tax year.
https://lao.ca.gov/LAOEconTax/Article/Detail/375

Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - The most immediate effect of IPOs on state tax revenues is in the personal income tax from wage withholding —in particular, from the newly public companies ’ vesting of their restricted stock units. Proposition  2, which establishes rules for mandatory reserve deposits, includes a provision that captures surging capital gains-related tax revenues.
https://lao.ca.gov/Publications/Report/4051

Amid Good Fiscal Times, Planning for the Future Is Crucial [Publication Details]

May 21, 2019 - Later, when the economy and tax receipts weaken, the state can draw upon its accumulated savings to fund a spending level above what revenues would otherwise support. Exercising spending restraint during good times promotes fiscal sustainability and dampens the need for austerity in subsequent recessions, thus, facilitating policy stability.
https://lao.ca.gov/Publications/Detail/4051

The 2019-20 Budget: May Revision Multiyear Budget Outlook

May 17, 2019 - This primarily reflects slower projected growth in General Fund revenue and faster growth in local property tax revenue compared to previous outlooks. This slower growth in school spending contributes to the budget ’s better condition.
https://lao.ca.gov/Publications/Report/4050

The 2019-20 May Revision: Analysis of the Governor’s January and May Mental Health Workforce Proposals

May 16, 2019 - About half of funding for county mental health services is provided by the state through block grants that grow on an annual basis in line with state tax revenues. Federal Medicaid funding makes up most of the remaining funding.
https://lao.ca.gov/Publications/Report/4049

Governor’s May Revision Update: Health Insurance Affordability Proposals [Publication Details]

May 15, 2019 - With the May Revision (and prior to the May Revision with the release of proposed implementing legislation), the administration has provided additional details on its January proposal to impose a state individual mandate and use penalty revenues from the mandate to fund health insurance subsidies.
https://lao.ca.gov/Publications/Detail/4047