Comparing Taxes on Cannabis to Taxes on Other Products in California

Dec 17, 2019 - As described in our recent report , the state collects this “retail” tax primarily at the wholesale level, effectively making it an ad valorem tax on wholesale prices. Local Taxes. Many cities and counties levy cannabis taxes.
https://lao.ca.gov/Publications/Report/4123

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

Dec 17, 2019 - Cities and counties that allow commercial cannabis activity typically levy taxes on businesses at every stage of the supply chain. We estimate that the average cumulative local tax rate over the whole supply chain—including local business taxes—is roughly equivalent to a 14 percent tax on retail sales.
https://lao.ca.gov/Publications/Report/4124

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

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - If cities and counties could prohibit these deliveries, California ’s legal cannabis market would be smaller and cannabis tax revenue would be lower. Using Simple Metrics to Estimate Effects: A Cautionary Example.
https://lao.ca.gov/Publications/Report/4125

Building Permits Update: October 2019 [EconTax Blog]

Dec 10, 2019 - In the first four months after the fire, permits picked up in the remainder of Butte County, but since then the focus of activity has shifted to Paradise itself. Data source: CIRB (Construction Industry Research Board), a service provided by the California Homebuilding Foundation   http://www.mychf.org/cirb.html .   
https://lao.ca.gov/LAOEconTax/Article/Detail/418

Preparing for Rising Seas: How the State Can Help Support Local Coastal Adaptation Efforts

Dec 10, 2019 - To the degree local property tax revenues drop, this also could affect the state budget because the California Constitution requires that losses in certain local property tax revenues used to support local schools be backfilled by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4121

October 2019 State Tax Collections [EconTax Blog]

Dec 9, 2019 - October 2019 State Tax Collections [EconTax Blog] Seth Kerstein Overall, October revenue collections from the state ’s three largest taxes —the personal income tax (PIT), corporation tax, and sales tax —fell $255 million below projections in October.
https://lao.ca.gov/LAOEconTax/Article/Detail/419

Tempered Expectations

Dec 9, 2019 - General Fund reliance on the personal income tax —and thus on capital gains-related income taxes in particular —has increased. Consequently, from a fiscal standpoint, the state could see revenue shortfalls commensurate with or greater than past recessions, especially if it were accompanied by a stock market correction.
https://lao.ca.gov/Publications/Report/4122