The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - California ’s state and local governments charge a sales tax on the retail sale of tangible goods. The average rate is 8.6  percent. Of that, 3.94  percent raises money for the state ’s General Fund, and 2.06  percent raises money the state provides to counties for various local programs.
https://lao.ca.gov/Publications/Report/4040

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

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - The state charges a flat, simple interest rate of 7  p ercent on PTP accounts. Before the program was suspended, the state charged a rate that varied based on the rate of return in the state ’s checking account, known as the Pooled Money Investment Account.
https://lao.ca.gov/Publications/Report/3885

Evaluation of the Property Tax Postponement Program [Publication Details]

Oct 8, 2018 - Housing is very expensive in California—in early 2018, the typical California home cost $481,000, roughly double the price of the typical home in the United States. The state offers the Property Tax Postponement (PTP) Program to help certain homeowners afford their property taxes and stay in their homes.
https://lao.ca.gov/Publications/Detail/3885

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - Under the administration ’s current estimates, however, the state EITC (including this expansion) is expected to cost $ 410  m illion in 2018 ‑19. State Provides Funding for Outreach. Many community ‑based organizations and other state and local government agencies (such as school districts and county social services offices) engage in efforts to raise awareness about the state and federal EITC.
https://lao.ca.gov/Publications/Report/3960

The 2018-19 May Revision: LAO Economic Outlook [Publication Details]

May 12, 2018 - In this report, we discuss our new economic outlook for the state, released as part of our response to the Governor's 2018-19 May Revision.
https://lao.ca.gov/Publications/Detail/3829

The 2018-19 May Revision: LAO Revenue Outlook [Publication Details]

May 12, 2018 - In this report, we discuss our new revenue outlook for the state, released as part of our response to the Governor's 2018-19 May Revision.
https://lao.ca.gov/Publications/Detail/3830

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - A multitude of factors, however, will influence the path of the state ’s economy in ways that are very difficult to anticipate. Some of these factors are discussed below. Tight Labor Markets. The state ’s unemployment rate (4.2  percent as of March  2018) is the lowest it has been in decades.
https://lao.ca.gov/Publications/Report/3829

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Depending on corporations ’ tax status in California, a portion of this returning cash will be taxed by the state. Specifically, the state taxes corporate profits based on the business ’ share of sales generated in California (which is roughly 7 percent on average).
https://lao.ca.gov/Publications/Report/3830

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

Dec 17, 2019 - California’s state and local governments generally tax cannabis—including medical cannabis—more heavily than other medicines. In some instances, however, exemptions can make tax rates on medical cannabis comparable to tax rates on other medicines.
https://lao.ca.gov/Publications/Detail/4123