The Property Tax Inheritance Exclusion

Oct 9, 2017 - Local governments in California —cities , counties, schools, and special districts —levy property taxes on property owners based on the value of their property. Property taxes are a major revenue source for local governments, raising nearly $60  billion annually.
https://lao.ca.gov/Publications/Report/3706

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Many Cities Have Higher Minimum Wages. Many California cities —and the unincorporated areas of Los Angeles County and San Mateo County —set minimum wages that exceed the $16-per-hour statewide minimum.
https://lao.ca.gov/Publications/Report/4878

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - In general, when a home is transferred to a new owner, its taxable value is reset to its purchase price. California voters, however, passed Proposition  58 in 1986, which amended the California Constitution to exempt transfers between parents and children (and later grandparents and grandchildren under certain circumstances under Proposition  193 [1996]) from revaluation.
https://lao.ca.gov/Publications/Report/3693

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Furthermore, even some of the counties that have relatively widespread local minimum wages —such as Santa Clara County —contain several cities without such policies. For minimum-wage workers in these cities, housing is even less affordable than the figure would suggest.
https://lao.ca.gov/Publications/Report/4878/3

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Local governments, such as cities, counties, and local transit authorities, generally own and operate these agencies. In 2019, passenger fares and fees provided 17  percent of funding for these agencies.
https://lao.ca.gov/Publications/Report/4890

Common Claims About Proposition 13

Sep 19, 2016 - This effect is larger when the difference in ownership tenure is greater: prope rties owned one to five years longer than their neighbors were 25  percent less likely to be developed, compared to 69  percent for properties owned for 20 to 25 years longer.
https://lao.ca.gov/Publications/Report/3497

A Primer on the Vehicle License Fee [Publication Details]

Jun 17, 1998 - A Primer on the Vehicle License Fee [Publication Details] Description: The VLF is a fee on the ownership of a registered vehicle that provides nearly $4 billion in annual revenues. This report is intended to answer a number of questions related to the VLF.
https://lao.ca.gov/Publications/Detail/4

Tax Expenditure Reviews [Publication Details]

Nov 16, 2007 - This program is found to be an inefficient means of promoting home ownership, and options are offered for improving it, including capping the deduction amount or replacing it with a targeted tax credit.
https://lao.ca.gov/Publications/Detail/1684

Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings? [Publication Details]

Apr 27, 2010 - We estimate that the sale of buildings would result in one-time revenue to the state of between $600 million and $1.4 billion, but that annual leasing costs would eventually exceed ownership costs by approximately $200 million.
https://lao.ca.gov/Publications/Detail/2261

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - (For example, it was previously possible to exchange the ownership of a copyright on a piece of music for the copyright on a different piec e of music.) Like-kind exchanges for real property, such as land and buildings, are still allowed for all CT and PIT filers.
https://lao.ca.gov/Publications/Report/4100