FTB preliminary April income tax tally confirms prior estimates

May 3, 2013 - FTB preliminary April income tax tally confirms prior estimates FTB preliminary April income tax tally confirms prior estimates Program: Revenues Finding or Recommendation: This is a description of the preliminary April tally of personal and corporate income tax collections from the Franchise Tax Board.
https://lao.ca.gov/Recommendations/Details/751

California's December income tax collections were quite strong

Jan 7, 2014 - California's December income tax collections were quite strong California's December income tax collections were quite strong Program: Revenues Finding or Recommendation: This provides an update on December 2013 personal income tax and corporation tax revenue collections for the State of California.
https://lao.ca.gov/Recommendations/Details/775

Governor’s May Revision Plan to Expend Cannabis Tax Revenues [Publication Details]

May 13, 2019 - Governor’s May Revision Plan to Expend Cannabis Tax Revenues [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/4043

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

Oct 13, 2015 - In addition, the Legislature could place an excise tax on the commercial sale of marijuana products of up to 10  percent of the retail price of the products. Such an excise tax would be in addition to any sales tax.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-050

The 2016-17 Budget: Initial Comments on the Governor’s May Revision

May 15, 2016 - In addition, the MCO tax package prefunds retiree health benefits on a one-time basis and includes ongoing tax relief for certain MCO-related taxpayers. In 2016-17, spending associated with these commitments (including the tax relief) totals about $1 billion.
https://lao.ca.gov/Publications/Report/3460

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Based on the recent federal approval of a similar tax in Michigan, federal approval of a reauthorized California MCO tax appears likely. Despite this development, the administration did not propose an extension of the MCO tax in 2019 ‑20, forgoing over $ 1  b illion in General Fund benefit.
https://lao.ca.gov/Publications/Report/3916

The 2018-19 Budget: Initial Comments on the May Revision

May 12, 2018 - In large part, this reflects the administration’s projected increase between 2017 and 2019 in the share of income earned by higher income households (who pay higher tax rates under California’s graduated tax structure).
https://lao.ca.gov/Publications/Report/3832

The California Craft Cannabis Initiative [Ballot]

Jun 9, 2015 - In addition, state and local governments could also r eceive revenue from excise taxes, if such taxes were enacted by the Legislature. However, since the measure prohibits sales and use taxes on medical marijuana products, these reven ues would be partially offset by the loss of sales tax currently collected on such sales.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-017

Need-Based Financial Aid Award Amounts [EdBudget]

Jul 20, 2020 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit (CATC). The 2020-21 Budget Act reduces the maximum supplemental award amount from $24 to $12 to reflect a decline in available revenues in the CATC Fund.
https://lao.ca.gov/Education/EdBudget/Details/406

2017 May Revision: LAO Economic Outlook [EconTax Blog]

May 11, 2017 - Taxes. Various proposals could reduce business taxes and change individual income taxes in a number of ways. The President, for example, has proposed lowering marginal income tax rates and, at the same time, eliminating the deduction for state and local tax payments —a deduction that disproportionately benefits Californians, as well as residents of a few other states.
https://lao.ca.gov/LAOEconTax/Article/Detail/239