Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 13, 2024 - Annual Report on Tax Exemptions for Medicinal Cannabis [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/4912

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 13, 2024 - Annual Report on Tax Exemptions for Medicinal Cannabis June 13, 2024 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  837 of 2019 (SB  34, Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4912

The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - The May Revisions proposes to not allow businesses to use tax credits to reduce their taxes by more than $5 million for tax years 2025, 2026, and 2027. This would not apply to the low-income housing tax credit.
https://lao.ca.gov/LAOEconTax/Article/Detail/804

The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - The May Revisions proposes to not allow businesses to use tax credits to reduce their taxes by more than $5 million for tax years 2025, 2026, and 2027. This would not apply to the low-income housing tax credit.
https://lao.ca.gov/LAOEconTax/article/Detail/804

U.S. Retail Sales Update: May 2024 [EconTax Blog]

Jun 18, 2024 - U.S. retail sales have grown 0.4 percent over the last 3 months and 2.3 percent over the last 12 months. Over both periods, sales have grown more slowly than inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/807

U.S. Retail Sales Update: May 2024 [EconTax Blog]

Jun 18, 2024 - U.S. retail sales have grown 0.4 percent over the last 3 months and 2.3 percent over the last 12 months. Over both periods, sales have grown more slowly than inflation.
https://lao.ca.gov/LAOEconTax/article/Detail/807

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein Background. In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/article/Detail/805

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein Background. In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/805

The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog]

Feb 29, 2024 - The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog] The 2024-25 Budget: Property Tax Postponement Program February 29, 2024 Ross Brown Background Property Tax Postponement (PTP) Program Provides Loans to Certain Low-Income Homeowners to Pay Property Taxes.
https://lao.ca.gov/LAOEconTax/Article/Detail/800

The 2024-25 Budget: The MCO Tax Package at May Revision

May 22, 2024 - Background MCO Tax State Has Renewed and Increased the MCO Tax. The 2023-24 budget renewed the MCO tax through the end of 2026. Like the recent past versions, the tax is based on MCOs ’ enrollment in Medi-Cal and private insurance.
https://lao.ca.gov/Publications/Report/4905