The 2019-20 Budget: The Governor's Individual Health Insurance Market Affordability Proposals

Feb 7, 2019 - Franchise Tax Board (FTB) Would Administer State Mandate. The administration has indicated that FTB, which administers the state ’s personal income tax, would implement the proposed state individual mandate penalty.
https://lao.ca.gov/Publications/Report/3927

Need-Based Financial Aid Award Amounts [EdBudget]

Aug 27, 2018 - The Cal Grant B Access Award consists of a statuory amount funded by state General Fund ($1,648) and a supplemental amount funded by the College Access Tax Credit. The size of the supplement each year depends on the level of tax credit funds.
https://lao.ca.gov/Education/EdBudget/Details/190

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

Oct 26, 2015 - The measure also states that existing sales and use taxes shall not be applied to marijuana sold for medical use. The measure, however, authorizes the Legislature to impose new excise taxes on marijuana sold for recreational or medical use.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-060

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

Oct 23, 2015 - The measure also states that existing sales and use taxes shall not be applied to marijuana sold for medical use. The measure, however, authorizes the Legislature to impose new excise taxes on marijuana sold for recreational or medical use.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-058

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The 2017 ‑18 budget expands the state Earned Income Tax Credit to taxpayers with self ‑employment income and to include taxpayers with incomes up to $22,300, significantly increasing the number of taxpayers eligible to claim the tax credit.
https://lao.ca.gov/Publications/Report/3694/1

2012-13 revenues on track to end above both Governor and LAO projections (Updated July 1)

Jul 1, 2013 - Agency cash revenue collection data indicates that the state ended May and June 2013  well above the Governor 's revenue projections for the personal income tax (PIT) and corporation tax (CT). For these two income taxes alone, June revenues were around $1 billion above the Governor 's projections--adding to the stronger-than-forecast results from the prior month of May.
https://lao.ca.gov/Recommendations/Details/773

The Property Tax Postponement Program [Publication Details]

Mar 6, 2019 - The Property Tax Postponement Program [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/3967

November 2020 Cap-and-Trade Auction Update [EconTax Blog]

Dec 4, 2020 - In addition, consistent with current law, an estimated $42 million will be transferred to the General Fund to backfill revenue losses from a 2017 expansion of a sales tax exemption for certain manufacturers.
https://lao.ca.gov/LAOEconTax/Article/Detail/588

The 2020-21 Budget: Analysis of the Medi-Cal Budget [Publication Details]

Feb 14, 2020 - We also discuss the administration’s recent submittal (late January 2020) of a modified managed care organization (MCO) tax proposal. We then provide analysis and recommendations on a series of key issues: (1) Recently proposed draft federal regulations referred to as the “Medicaid Fiscal Accountability Regulation;” (2) proposals related to the Medi‑Cal pharmacy services benefit;
https://lao.ca.gov/Publications/Detail/4161

The Compassionate and Sensible Access Act [Ballot]

Jun 4, 2015 - State and local governments currently collect sales tax on medicinal marijuana sales. A small number of cities also impose a supplemental tax on medical marijuana sales. We estimate that the total amount of state and local revenue collected statewide from medical marijuana sales and supplemental taxes likely is in the high tens of millions of dollars annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-018