The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - This suggests that the annual revenue loss from the flavor ban might be around $300  million to $400  million. Interpretation of Revenue Loss Unclear. Under the flavor ban, people who otherwise would consume flavored tobacco have three main options: (1)  avoid tobacco use altogether, (2)  switch to unflavored tobacco products, or (3)  obtain flavored tobacco from
https://lao.ca.gov/Publications/Report/4966

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - These are ( 1)  l imits on noncorporate business losses, ( 2)  i ncreased flexibility for small business accounting, ( 3)  c hanges to like ‑kind exchanges, ( 4)  e liminating NOL carrybacks, and ( 5)  l imits on fringe benefit deductions.
https://lao.ca.gov/Publications/Report/3959

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - For example, if the state bans flavored e ‑cigarettes, the tax rate need to achieve a given reduction in youth vaping likely would be lower than if the state does not enact a flavor ban. Recommend Revisiting Rate Frequently.
https://lao.ca.gov/Publications/Report/4171

Assessing Recent Changes to California Competes

Mar 30, 2020 - Moreover, many of the small businesses that received credits prior to the 2018 c hange were non ‑tradable businesses and would not have been able to demonstrate how the credit would influence their ability to create new jobs in California.
https://lao.ca.gov/Publications/Report/4213

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - As noted in the “Background ” section, a state regulation prohibits cities and counties from banning retail deliveries of cannabis into their jurisdictions. Our assessment of revenue sufficiency assumes that these deliveries continue despite a current legal challenge to this regulation.
https://lao.ca.gov/Publications/Report/4125

Review of the California Competes Tax Credit

Oct 31, 2017 - Tradability is important in the context of California Competes because the expansion of such businesses need not come at the expense of other California businesses —economic growth is not a zero sum game.
https://lao.ca.gov/Publications/Report/3709