How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - Higher Turnover and Property Tax Growth Likely in Future Home Sales Likely to Pick Up as Homeowners Get Older. Although the aging of California ’s homeowners has depressed home sales in past years, this pattern is likely to reverse in the future.
https://lao.ca.gov/Publications/Report/3693

The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion

May 14, 2018 - In addition, if they do not have a qualifying child, eligible filers must be at least age 25 and younger than age 65. Governor ’s Proposal Expand EITC to Close Age Gaps and Compensate for Rising Minimum Wage.
https://lao.ca.gov/Publications/Report/3835

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Second, the dot ‑com bust involved much more significant losses in the stock market, which affect capital gains revenues. General Fund Revenue Volatility Has Likely Increased Since Last Recession. Since the Great Recession ended, changes in the state ’s policies and economy have likely increased the volatility of General Fund revenue.
https://lao.ca.gov/Publications/Report/3769

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - Initially, the benefit declines rapidly, as shown by the steep line after the peak and before the kink in Figure 3 . Within this income range (to the left of the kink) EITC benefits decrease at the same rates they increase before the peak (for example, 34 c ents for each additional $ 1 e arned for a worker with two dependents).
https://lao.ca.gov/Publications/Report/3960

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - We also discuss changes to the dependent care exclusion which is linked to the child care credit. These changes are for tax year 2021 only except where otherwise noted. (We refer to the prior provisions of these tax credits as “prior law. ” Because the new provisions are scheduled to only be in effect in 2021 in most cases, we anticipate the provisions to revert to prior law starting in 2022.)
https://lao.ca.gov/Publications/Report/4410

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - Eliminates Some Like-Kind Exchanges. The like-kind exchange provision allows PIT and CT filers to defer paying taxes on capital gains from the sales of certain types of property if they purchase a similar type of property within 180 days.
https://lao.ca.gov/Publications/Report/4100

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - States With Film Tax Credits Likely Have More Motion Picture Production. While some studies reach mixed or inconclusive findings, the balance of the evidence suggests that motion picture production increases in states with film tax credits.
https://lao.ca.gov/Publications/Report/4713

Managing California’s Cash

Sep 3, 2019 - One key benefit of S B  84 , for example, is that it likely will have a substantial fiscal benefit to the state —the loan is likely to result in billions of dollars in savings to the state over time.
https://lao.ca.gov/Publications/Report/4092

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - In the case of the Cannabis Tax Program, we note: The administration has not presented any arguments linking the General Fund ’s share of costs to its share of indirect benefits. This is not part of a broad, systematic effort to allocate costs based on indirect benefits.
https://lao.ca.gov/Publications/Report/5132