July 2020 Tax Payments Tracker: July 31 Update [EconTax Blog]

Jul 31, 2020 - As a result, tax payments made in April and June in a typical year have been spread across April to July this year. For this reason, we report on total collections across April to July instead of focusing on only July.
https://lao.ca.gov/LAOEconTax/Article/Detail/511

Adoption of April 2021 Wildfire and Forest Resilience Early Action Package

Apr 16, 2021 - In addition to early action funding, the Governor ’s January budget proposed funding in 2021 ‑22 for wildfire and forest resilience activities (for a total of $1  billion over the two years). In our recent publication The 2021‑22 Budget: Wildfire Resilience Package , we identified overarching issues for the Legislature to consider as it evaluates the Governor’s current- and budget-year proposals.
https://lao.ca.gov/Publications/Report/4414

Income Tax Withholding Tracker: July 27-July 31 [EconTax Blog]

Jul 31, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/509

U.S. Retail Sales: May 2020 [EconTax Blog]

Jun 16, 2020 - At one end of the spectrum, the two hardest-hit types of retailers were clothing stores and restaurants, whose year-over-year sales were down 67 percent and 40 percent respectively. At the other end, the two types of retailers that experienced the strongest growth were nonstore retailers (for example, those that specialize in e-commerce) and grocery stores, whose
https://lao.ca.gov/LAOEconTax/Article/Detail/481

July 2020 Tax Payments Tracker: July 24 Update [EconTax Blog]

Jul 24, 2020 - As a result, tax payments made in April and June in a typical year have been spread across April to July this year. For this reason, we report on total collections across April to July instead of focusing on only July.
https://lao.ca.gov/LAOEconTax/Article/Detail/506

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - Corporations sometimes earn more credits in a year than they can use and are allowed to carry those credits forward to use in a future year. Under current law, motion picture production tax credits expire after six years.
https://lao.ca.gov/Publications/Report/4238

Income Tax Withholding Tracker: September 14 - September 18 [EconTax Blog]

Sep 18, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/548

Income Tax Withholding Tracker: June 22-June 26 [EconTax Blog]

Jun 26, 2020 - The second graph compares the year-over-year percent change in withholding (withholding this week relative to the same week in 2019) to the weekly changes  observed from March through June of  2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/488

Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog]

Oct 2, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/556

Income Tax Withholding Tracker: July 20-July 24 [EconTax Blog]

Jul 24, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/503