The 2019-20 Budget: California Spending Plan—Conformity [Publication Details]

Oct 17, 2019 - This post describes the 2019-20 budget actions changing state individual and business tax provisions (partial tax conformity).
https://lao.ca.gov/Publications/Detail/4100

A Historical Review of Proposition 98

Jan 18, 2017 - Gas Tax Swap. State eliminated its sales tax on gasoline, which had counted toward the guarantee, and replaced it with an excise tax that otherwise would not count toward the guarantee. The state initially held schools and community colleges harmless by assuming the gas sales tax revenue still existed for the purposes of Proposition  98 calculations.
https://lao.ca.gov/Publications/Report/3526

A proposed statutory initiative related to the cultivation, use, possession, and sale of marijuana. [Ballot]

Sep 1, 2015 - In addition, the measure states that the Legislature could place excise taxes on the retail sale of recreational marijuana prod ucts. Under the measure, any excise tax on retail sales, or any combination of such taxes, would be initially limited to 10  percent of the retail price of marijuana products.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-039

Requirements for accelerated remittance of certain income tax estimated and withholding payments

Mar 6, 2014 - Requirements for accelerated remittance of certain income tax estimated and withholding payments Requirements for accelerated remittance of certain income tax estimated and withholding payments Program: Taxes Finding or Recommendation: Recommend, at some point in the future, repealing 2008 and 2009 laws that accelerated certain state receipts of personal income and corporate taxes.
https://lao.ca.gov/Recommendations/Details/787

The 2017-18 Budget: County Offices of Education and The Minimum State Aid Provision

Feb 10, 2017 - Under the LCFF for COEs (similar to school districts), local property tax is counted first for meeting each COE ’s overall LCFF allotment, with the state making up any gap. In a county where local property tax revenue is sufficient to fund all of its LCFF allotment, the state still must provide its minimum state aid allotment.
https://lao.ca.gov/Publications/Report/3554

Cultivation, use, possession, and sale of marijuana [Ballot]

Jun 11, 2015 - The measure states that medical marijuana is exempt from sales taxes and, in some cases, excise taxes. Revenues collected from the excise taxes would be deposited in a new special fund —the Statewide Cannabis Tax Collection Account.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-024

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

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

Upcoming Changes in Medi-Cal Create Fiscal and Policy Uncertainty

Oct 9, 2015 - For more information on the MCO tax, see the “MCO Tax Modification ” write-up in our February report, The 2015‑16 Budget: Analysis of the Health Budget , and our prior post, "The MCO Tax: A Flat Versus Tiered Structure."
https://lao.ca.gov/Publications/Report/3300

Federal Spending in California

Jan 18, 2017 - Finally, this category includes the refundable portion of two major tax credits: the Earned Income Tax Credit (EITC), which provides a refundable tax credit to low- to moderate-income working individuals and couples; and the Child Tax Credit, which provides refundable tax credits to eligible low-income families with children.
https://lao.ca.gov/Publications/Report/3531/3