Understanding California Corporate Taxation: Apportionment [EconTax Blog]

Aug 11, 2026 - Apportionment Choices Are Tax-Base Design, Not Tax Expenditures. Single Sales Factor can increase taxes for some firms and reduce taxes for others, but it is not best understood as a tax expenditure in the same sense as a credit, deduction, or exemption.
https://lao.ca.gov/LAOEconTax/Article/Detail/866

Understanding California Corporate Taxation: Net Operating Loss Deductions [EconTax Blog]

Aug 11, 2026 - If a tax loss is increased by a tax preference or a transaction whose tax treatment is disputed, a NOL can preserve that effect and allow it to offset future income. In some cases, the resulting tax loss may not reflect a comparable decline in the business ’s overall economic position.
https://lao.ca.gov/LAOEconTax/Article/Detail/865

Proposition 42 [Ballot]

Nov 3, 2026 - Proposition 42 [Ballot] Prohibits New State Personal Property Taxes and Certain Retroactive State Taxes. Initiative Constitutional Amendment. Analysis of Measure Background Certain Personal Property Is Taxed in California.
https://lao.ca.gov/BallotAnalysis/Proposition?number=42&year=2026

Proposition 43 [Ballot]

Nov 3, 2026 - Vote Thresholds for Local Taxes. The State Constitution allows local governments to increase taxes with local voter approval. Tax increases can be put on a ballot by voters or a local governing board (such as a city council or board of supervisors).
https://lao.ca.gov/BallotAnalysis/Proposition?number=43&year=2026

Proposition 40 [Ballot]

Nov 3, 2026 - California billionaires, like all those earning money in the state, currently pay state taxes on their annual income. Billionaires may respond to a new wealth tax in ways that reduce their income tax payments.
https://lao.ca.gov/BallotAnalysis/Proposition?number=40&year=2026

Proposition 41 [Ballot]

Nov 3, 2026 - Special Taxes. State taxes can be raised by the Legislature or by voters. When a “special tax ” is created, the revenue from that tax is dedicated to a specific purpose or program. For example, certain fuel taxes can only be used to pay for public roads and other transportation programs.
https://lao.ca.gov/BallotAnalysis/Proposition?number=41&year=2026

Proposition 3 [Ballot]

Nov 3, 2026 - For example, a married couple pays a 1  percent tax on the first $21,000 of income, a 2  percent tax on income between $21,000 and $50,000, and a 4  percent tax on income between $50,000 and $80,000.
https://lao.ca.gov/BallotAnalysis/Proposition?number=3&year=2026

Proposition 2 [Ballot]

Nov 3, 2026 - The income tax is the state ’s largest tax. It pays for most spending from the General Fund. Other major taxes include the corporation tax and the sales tax. Much of the income tax is paid by high-income taxpayers, whose incomes often include gains from stocks and other investments.
https://lao.ca.gov/BallotAnalysis/Proposition?number=2&year=2026

Comparing Options to Raise and Lower Taxes [Publication Details]

Mar 24, 2026 - Comparing Options to Raise and Lower 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/5170

Proposition 45 [Ballot]

Nov 3, 2026 - Additionally, if the proposition ’s changes result in more projects being completed overall, it could lead to an increase in tax revenues, such as from property taxes. Negative Environmental Impacts.
https://lao.ca.gov/BallotAnalysis/Proposition?number=45&year=2026