Cannabis Tax Revenue Update [EconTax Blog]

Feb 23, 2022 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/726

Tax Expenditure Evaluation [Publication Details]

Feb 22, 2023 - Tax Expenditure Evaluation [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/4690

Income Tax Withholding Tracker: February 1 - February 19 [EconTax Blog]

Feb 19, 2021 - Income Tax Withholding Tracker: February 1 - February 19 [EconTax Blog] Income Tax Withholding Tracker: February 1 - February 19 February 19, 2021 Brian Uhler Bottom Line: California income tax withholding collections in February to date are 7.8 percent above February 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/627

State and local government tax rules. [Ballot]

Nov 22, 2021 - Local Government Taxes and Fees. The largest local government tax is the property tax, which raises roughly $75  billion annually. Other local taxes include sales taxes, utility taxes, and hotel taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-026

Housing affordability and property taxes. [Ballot]

Nov 29, 2021 - Background Property Taxes and Income Tax Credits   Local Governments Collect Property Taxes From Property Owners.  California local governments —cities, counties, schools, and special districts —levy property taxes on property owners.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-032

The 2024-25 Budget: Cap-and-Trade Expenditure Plan

Feb 20, 2024 - The  Legislature has flexibility around how it is able to direct GGRF revenues because the program was authorized in a way that is akin to a tax, meaning the funds can legally be used for broad purposes.
https://lao.ca.gov/Publications/Report/4847

Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog]

Jan 26, 2021 - Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog] Income Tax Withholding Tracker: January 1 - January 25 January 26, 2021 Brian Uhler Bottom Line: California income tax withholding collections in January to date are 7 percent above January 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/614

The 2023-24 Budget: Analysis of the Medi-Cal Budget [Publication Details]

Feb 10, 2023 - The 2023-24 Budget: Analysis of the Medi-Cal Budget [Publication Details] Description: This brief provides an overview of the Governor’s proposed budget for Medi-Cal, assesses the administration’s assumptions on caseload and COVID-19-related policies, and analyzes the Governor’s managed care organization tax proposal.
https://lao.ca.gov/Publications/Detail/4675

Housing affordability and property taxes. [Ballot]

Nov 12, 2021 - Background Property Taxes and Income Tax Credits   Local Governments Collect Property Taxes From Property Owners.  California local governments —cities, counties, schools, and special districts —levy property taxes on property owners.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-023

The 2022-23 Budget: State Payments on the Federal Unemployment Insurance Loan

Feb 15, 2022 - Businesses Set to Pay Add ‑On Federal UI Tax Beginning in 2023. To repay the federal loans, the federal UI payroll tax rate on employers will increase by 0.3  percent for tax year 2022. However, employers will not pay this higher rate until 2023  when employers remit their 2022 federal UI payroll taxes.
https://lao.ca.gov/Publications/Report/4543