Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - For firearm and ammunition excise tax returns filed for the fourth quarter of 2025, the total amount of tax due is $16 million . So far, most of the changes in quarterly revenues appear to be seasonal, without much year-over-year growth.
https://lao.ca.gov/LAOEconTax/article/Detail/849

Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - For firearm and ammunition excise tax returns filed for the fourth quarter of 2025, the total amount of tax due is $16 million . So far, most of the changes in quarterly revenues appear to be seasonal, without much year-over-year growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/849

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - Similarly, court workload would increase if members of the public file cases seeking monetary penalties. The total increase would depend on how people respond to this measure. This includes the specific activities the new board chooses to engage in, what activities cove red entities choose to engage in (such as how often they make large asset transfers), and how often members of the public file cases in court.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment. Current LAO Estimate for 2025-26: $648 Million. We currently project cannabis tax revenues of $648 million in 2025-26.
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment. Current LAO Estimate for 2025-26: $648 Million. We currently project cannabis tax revenues of $648 million in 2025-26.
https://lao.ca.gov/LAOEconTax/article/Detail/851

Temporary tax increases. [Ballot]

Jan 27, 2026 - File No. 25-0037, Amendment #1). Background Initiatives Can Raise Taxes. An initiative is a way for voters to change state laws. This can include changing laws to raise taxes. People who want to raise taxes using an initiative first have voters sign a p etition for the initiative.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-037

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - File No. 25-00 41, Amendment #1). Background Certain Personal Property Is Taxed in California. Both the state and local governments tax owners of certain personal property based on the property ’s value.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

The applicability of tax increases to the state’s constitutional requirements. [Ballot]

Jan 27, 2026 - File No. 25-0038, Amendment #1). Background State Finances Organized Into General Fund and Many Other Funds. The state budget is made up of many different funds. The General Fund is the state ’s main operating account and pays for most public services including education, health care, and prisons.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - File  No.  25-0039, Amendment #1). Background California Residents Pay Tax on All Their Income. California residents pay state income taxes on all their income, including wages, investment income, and capital gains, even if the income was earned outside the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - Property owners seeking tax relief under Proposition  19 must file a claim with the county in which the new (replacement) residence is located. After Proposition  19 went into effect, a backlog of claims developed, and some tax bills were sent to property owners that had not been updated to reflect the lower amounts they were entitled to pay under the terms of Proposition  19.
https://lao.ca.gov/Publications/Report/5130