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

Oct 17, 2019 - This post describes the 2019-20 budget actions to expand the state earned income tax credit (EITC).
https://lao.ca.gov/Publications/Detail/4099

Building Reserves to Prepare for a Recession

Mar 7, 2018 - California , a state appellate court found the state was responsible for a levee failure along the Yuba River in 1986. The state eventually paid a $ 464  m illion settlement to the nearly 3, 000 p laintiffs.
https://lao.ca.gov/Publications/Report/3769

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - As discussed elsewhere in this report, reductions in out ‑of ‑state production likely offset a large share of the increase in in ‑state production, so this assumption likely overstates the net global increase.
https://lao.ca.gov/Publications/Report/3907

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

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - The law stated the Legislature’s intent to regulate the imposition and collection of such taxes to the exclusion of local action. As such, the Legislature may face the following decisions: (1) Should the state levy an excise tax on sugary drinks?
https://lao.ca.gov/Publications/Detail/3903

California's Tax System: A Visual Guide [Publication Details]

Apr 12, 2018 - The personal income tax is the state's main revenue source, the property tax is the major local tax, and the state and local governments both receive revenue from the sales and use tax. In addition, many smaller taxes raise revenue for state and local government operations.
https://lao.ca.gov/Publications/Detail/3805

The 2019-20 Budget: Overview of the Governor's Budget [Publication Details]

Jan 14, 2019 - Although the Governor’s allocation to discretionary reserves represents a smaller share of resources than recent budgets, the Governor’s decision to use a significant share of resources to pay down state debts is prudent.
https://lao.ca.gov/Publications/Detail/3916

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - Prior to the new laws, state statute assigned most of BOE ’s roles, including the largest one —administering the sales and use tax. State statute also gave BOE the authority to hear appeals of state taxes and fees.
https://lao.ca.gov/Publications/Report/3796

Review of the California Competes Tax Credit

Oct 31, 2017 - California Competes will reduce state revenues by up to $780  million over about 15 years, resources that state policymakers could otherwise use to fund other state programs, reduce debt, or allow for alternative tax reductions.
https://lao.ca.gov/Publications/Report/3709

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - State law requires GO-Biz to base the amount of the tax credit award on 11 different factors, such as the extent of unemployment or poverty in the area where the project would be located and other state or local incentives available to the applicant.
https://lao.ca.gov/Publications/Report/3759