Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The ARP expands the credit for 2021: For single filers with income of up to $75,000 ($112,500 for heads of household, $150,000 for joint filers), the maximum credit rises to $3,600 for dependents from ages 0 to 5 and $3,000 for dependents ages 6 to 17.
https://lao.ca.gov/Publications/Report/4410

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - Like CDTFA, however, the head of the department is a director appointed by the Governor and confirmed by the Senate. OTA ’s director reports directly to the Governor. New Laws Funded OTA in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3796

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - BOE is headed by a five-member board, with four members directly elected by district, and the fifth —the State Controller —elected on a statewide basis. BOE administers the sales and use tax (SUT) and many smaller tax and fee programs, promulgates related regulations, and adjudicates tax disputes and appeals.
https://lao.ca.gov/Publications/Report/3609

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

Feb 15, 2022 - Short ‑Term vs. Long ‑Term Strategies. The  current supply chain disruptions are the result of both short ‑term issues, such as greater consumer demand, as well as long ‑term issues, such as the capacity and resilience of the goods movement system.
https://lao.ca.gov/Publications/Report/4540

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - From state AGI, taxpayers deduct the greater of the total of their itemized deductions or the standard deduction for their filing status (single, married filing jointly, head of household, etc.). A filer who itemizes cannot claim the standard deduction, and likewise a filer who claims the standard deduction gets no benefit from their itemized deductions.
https://lao.ca.gov/Publications/Report/3703

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Innovative Clean Transit (ICT) Regulation Conventional Buses vs. ZEBs. The ZEB exemption, the ICT regulation, and various other policies make a distinction between conventional buses and ZEBs. Conventional buses burn diesel, compressed natural gas, or other fuels that emit greenhouse gases (GHGs) and other air pollutants.
https://lao.ca.gov/Publications/Report/4890

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