Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Transit and Intercity Rail Capital Program (TIRCP). TIRCP is one of the main ongoing sources of funding available for ZEB adoption. The program provides competitive funding that supports a variety of capital improvements on transit and rail systems, including the procurement of ZEBs.
https://lao.ca.gov/Publications/Report/4890

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Appropriations for capital outlay are excluded from the limit. Some of the proposed spending meets the definition of capital outlay under the SAL —specifically , the funding for CalSTA and CWDB as it would primarily support infrastructure projects.
https://lao.ca.gov/Publications/Report/4540

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - On paper, the $25  million proposal is tied to capital investment at the DCF. Over the next decade, however, Natcast estimates that its capital expenditures to develop the DCF will total around $650  million.
https://lao.ca.gov/Publications/Report/5018

The Property Tax Inheritance Exclusion

Oct 9, 2017 - Consequently, monthly ownership costs for these homeowners were around $1,000 less than the typical homeowner ($1,650 vs. $670). Because most inherited homes have been owned for decades, children typically are receiving a property with lower ownership costs.
https://lao.ca.gov/Publications/Report/3706

Taxation of Sugary Drinks

Nov 26, 2018 - Key Trade ‑Off: Main Policy Goal vs. Other Health Effects. The potential exclusion of 100  p ercent juice illustrates a general trade ‑off in the design of sugary drink taxes. Some sugary drinks contain beneficial nutrients.
https://lao.ca.gov/Publications/Report/3903

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Capital Gains Spike in 2017-18 and 2018-19. Preliminary Franchise Tax Board data show that net capital gains in 2016 totaled $110 billion. We estimate that net capital gains increase to $150 billion in 2017 and $162 billion in 2018, driven primarily by recent increases in stock market values.
https://lao.ca.gov/Publications/Report/3830

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - We also exclude funding for capital outlay projects undertaken by the California Department of Transportation (Caltrans). While the Legislature annually approves Caltrans ’ overall budget, individual projects generally are approved by the California Transportation Commission rather than through the state budget process and therefore the 2025-26 planned projects and corresponding amounts have not yet been specified.
https://lao.ca.gov/Publications/Report/5081

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Capital Outlay. For budgetary purposes, capital outlay includes purchases of land and state‑owned projects involving construction of new facilities or renovation of existing facilities. Government Code allows the State Public Works Board to augment the costs of major capital outlay projects by up to 20 percent with legislative notification.
https://lao.ca.gov/Publications/Report/4647

Volatility of the Personal Income Tax Base

Feb 8, 2017 - In an effort to protect the state budget from some of the volatility of capital gains, California has adopted a constitutional provision requiring PIT deposits into a state rainy ‑day fund in years when capital gains are plentiful.
https://lao.ca.gov/Publications/Report/3548

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Second, it requires the state to put aside a portion of capital gains revenues that exceed a specified threshold ( “excess capital gains ”). The state combines these two amounts and allocates half of the total to pay down debts and the other half to build the rainy day reserve.
https://lao.ca.gov/Publications/Report/3727