Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - As a result, all exemptions from the property tax —like those for public schools —are constitutionally provided. Legislature Established PTP in 1977. Following the voters ’ approval of Proposition   13 i n 1976, the Legislature established PTP in statute in 1977.
https://lao.ca.gov/Publications/Report/3885

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - Corporations sometimes earn more credits in a year than they can use and are allowed to carry those credits forward to use in a future year. Under current law, motion picture production tax credits expire after six years.
https://lao.ca.gov/Publications/Report/4238

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The ARP made two significant changes to the EITC for 2021: (1)  increased the credit amounts available to childless workers, and (2)  broadened the age range for eligible filers from 24 to 65 years old to 19 and over.
https://lao.ca.gov/Publications/Report/4410

The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations

Feb 14, 2019 - Hereafter, we refer to this problematic approach as the “year-over-year method. ” Year-Over-Year Method: an Example. The left-hand side of Figure  3 below illustrates the allocation for graduate medical education under the year-over-year method.
https://lao.ca.gov/Publications/Report/3939

The 2020-21 Budget: California Department of Tax and Fee Administration (CDTFA)

Mar 20, 2020 - With these resources, CDTFA could perform 660 audits per year, but we estimate that IFTA will require the department to perform roughly 750 audits per year by 2021. We estimate that CDTFA would need three additional ATAs (at a cost of roughly $570,000 per year) to increase its audit capacity to 750 per year.
https://lao.ca.gov/Publications/Report/4205

Managing California’s Cash

Sep 3, 2019 - Revenues in this year came in far below expectations, meaning the cash deficit went below $ 20  b illion and the year ended with a cumulative cash deficit of $ 10  b illion. California Faced a Frozen Credit Market in September of 2008.
https://lao.ca.gov/Publications/Report/4092

The 2014-15 Budget: Pilot Program to Improve Property Tax Administration [Publication Details]

Mar 13, 2014 - In this report, we provide an overview of local property tax administration and review the administration's proposed three-year pilot program to improve tax administration and generate state General Fund savings.
https://lao.ca.gov/Publications/Detail/2974

Assessing Recent Changes to California Competes [Publication Details]

Mar 30, 2020 - Next, we describe the effects of these changes on the program in 2018‑19, the first year of their implementation. We then assess how the changes have affected the administration of the California Competes program and consider whether it is more or less effective than before.
https://lao.ca.gov/Publications/Detail/4213

The 2018-19 Budget: The Administration’s Proposition 55 Estimates

Mar 1, 2018 - Calculation This Year Will Set Precedent for Future Years. The administration of the Medi ‑Cal funding formula under Proposition   55 t his year will have implications for how the calculation is interpreted and administered in future years.
https://lao.ca.gov/Publications/Report/3765

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - LAO Recommendations Approve GO-Biz Funding For One Year. The administration ’s proposal for $1.2 million General Fund per year for three years is not justified given that the bulk of the program ’s workload will end next year under current law.
https://lao.ca.gov/Publications/Report/3586