The 2020-21 Budget: Taxation of E-Cigarettes [Publication Details]

Feb 24, 2020 - We find that a tax based on nicotine content has some advantages. We also suggest that the Legislature consider a wide range of possible tax rates. Once the Legislature has chosen a rate, we recommend indexing the rate to inflation and revisiting it frequently to assess whether further adjustments are warranted.
https://lao.ca.gov/Publications/Detail/4171

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - How Would the Tax Rate Affect Compliance With the Tax? In general, we would expect higher tax rates to reduce tax compliance more than lower rates. For example, a higher tax rate would give consumers a stronger incentive to avoid the tax by purchasing e ‑cigarettes from out ‑of ‑state over the Internet.
https://lao.ca.gov/Publications/Report/4171

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

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Specify Taxed Event and Point of Collection to Match Type of Tax Potency ‑based tax: tax retail sale and collect from retailer, or tax wholesale sale and collect from last distributor. Ad valorem tax (tiered or basic): tax retail sale and collect from retailer.
https://lao.ca.gov/Publications/Report/4125

Comparing Taxes on Cannabis to Taxes on Other Products in California [Publication Details]

Dec 17, 2019 - Comparing Taxes on Cannabis to Taxes on Other Products in California [Publication Details] Comparing Taxes on Cannabis to Taxes on Other Products in California Format: HTML Description: In this post, we describe some of the similarities and differences between taxes on cannabis and taxes on other products in California.
https://lao.ca.gov/Publications/Detail/4123

A Key Interaction Between Sales Taxes and Other Taxes on Cannabis Retailers [Publication Details]

Dec 17, 2019 - A Key Interaction Between Sales Taxes and Other Taxes on Cannabis Retailers [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/4124

How High? Adjusting California’s Cannabis Taxes [Publication Details]

Dec 17, 2019 - Adjusting California’s Cannabis Taxes [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/4125

A Key Interaction Between Sales Taxes and Other Taxes on Cannabis Retailers

Dec 17, 2019 - A Key Interaction Between Sales Taxes and Other Taxes on Cannabis Retailers December 17, 2019 A Key Interaction Between Sales Taxes and Other Taxes on Cannabis Retailers In this post, we discuss a key interaction between sales taxes and other taxes on cannabis retailers —in particular, local business taxes.
https://lao.ca.gov/Publications/Report/4124

Comparing Taxes on Cannabis to Taxes on Other Products in California

Dec 17, 2019 - Comparing Taxes on Cannabis to Taxes on Other Products in California December 17, 2019 Comparing Taxes on Cannabis to Taxes on Other Products in California Discussions about cannabis taxes often refer to taxes on other products, such as alcohol, tobacco, sugary drinks, and medicines.
https://lao.ca.gov/Publications/Report/4123

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC) Expands Earned Income Tax Credit (EITC) Overview The EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4099