Comparing Taxes on Cannabis to Taxes on Other Products in California

Dec 17, 2019 - Cannabis Subject to Various State and Local Excise Taxes. As shown in Figure  1, California ’s state and local governments levy a variety of excise taxes on cannabis, including: State Cultivation Tax.
https://lao.ca.gov/Publications/Report/4123

A Key Interaction Between Sales Taxes and Other Taxes on Cannabis Retailers

Dec 17, 2019 - Certain State and Local Taxes Apply to Cannabis Sales Tax. California ’s state and local governments levy a sales and use tax (hereafter, sales tax) on retail sales of tangible goods. The rate varies across the state, ranging from 7.25  percent to 10.5  percent, with a statewide average of 8.6  percent.
https://lao.ca.gov/Publications/Report/4124

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - If this experience is a guide, the Legislature might want to think carefully about the timing of any changes to the state ’s cannabis tax structure and rates. On one hand, the sooner the Legislature changes the state ’s cannabis taxes, the sooner the state will realize any benefits associated with those changes.
https://lao.ca.gov/Publications/Report/4125

Comparing Taxes on Cannabis to Taxes on Other Products in California [Publication Details]

Dec 17, 2019 - California’s state and local governments generally tax cannabis—including medical cannabis—more heavily than other medicines. In some instances, however, exemptions can make tax rates on medical cannabis comparable to tax rates on other medicines.
https://lao.ca.gov/Publications/Detail/4123

Chronic Dialysis Clinics [Ballot]

Dec 13, 2019 - We estimate that this scenario would lead to increased costs for state and local governments in the low tens of millions of dollars annually. This represents a small increase relative to the state ’s total spending on Medi-Cal and to state and local governments ’ total spending on employee and retiree health coverage.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-025

Building Permits Update: October 2019 [EconTax Blog]

Dec 10, 2019 - The state has averaged about 9,500 units per month since April,  a faster pace than the previous seven months (about 8,000) but slower than the period from March 2017 to August 2018 when it averaged more than 10,300 per month.
https://lao.ca.gov/LAOEconTax/Article/Detail/418

Preparing for Rising Seas: How the State Can Help Support Local Coastal Adaptation Efforts [Publication Details]

Dec 10, 2019 - Preparing for Rising Seas: How the State Can Help Support Local Coastal Adaptation Efforts [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4121

Preparing for Rising Seas: How the State Can Help Support Local Coastal Adaptation Efforts

Dec 10, 2019 - As discussed earlier, SLR damages also would have fiscal implications, which the state will want to t ry to minimize. State‑Level Efforts Multiple State Departments Have SLR ‑Related Responsibilites.
https://lao.ca.gov/Publications/Report/4121

October 2019 State Tax Collections [EconTax Blog]

Dec 9, 2019 - October 2019 State Tax Collections [EconTax Blog] Seth Kerstein Overall, October revenue collections from the state ’s three largest taxes —the personal income tax (PIT), corporation tax, and sales tax —fell $255 million below projections in October.
https://lao.ca.gov/LAOEconTax/Article/Detail/419

Tempered Expectations [Publication Details]

Dec 9, 2019 - In this new installment of Fiscal Perspectives, Legislative Analyst Gabriel Petek provides additional context for understanding the importance of limiting new, ongoing spending in the coming budget, with a short discussion of the state's fiscal structure, the state's economic backdrop, and other potential risks and uncertainties.
https://lao.ca.gov/Publications/Detail/4122