August 2020 State Tax Collections [EconTax Blog]

Sep 17, 2020 - August 2020 State Tax Collections [EconTax Blog] Seth Kerstein August revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of budget projections by $1.7 billion (24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/546

Income Tax Witholding Tracker: July 2022 [EconTax Blog]

Aug 5, 2022 - Income Tax Witholding Tracker: July 2022 [EconTax Blog] Income Tax Witholding Tracker: July 2022 August 5, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/745

November 2019 State Tax Collections [EconTax Blog]

Dec 18, 2019 - November 2019 State Tax Collections [EconTax Blog] Seth Kerstein Overall, November revenue collections from the state ’s three largest taxes —the personal income tax (PIT), corporation tax, and sales tax —fell $362  million below projections in November.
https://lao.ca.gov/LAOEconTax/Article/Detail/421

Felony sentencing. [Ballot]

Dec 14, 2021 - County Jail and/or Community Supervision.  People who have no current or prior convictions for serious, violent, or sex offenses are typically sentenced to county jail or supervision in the community by a county probation officer, or both.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-035

Proposition 31 [Ballot]

Nov 8, 2022 - FISCAL EFFECTS Lower Tobacco Tax Revenues. Proposition 31 likely would reduce state tobacco tax revenues by an amount ranging from tens of millions of dollars to around $100  million annually. (Last year, state tobacco tax revenue was about $2  billion.)
https://lao.ca.gov/BallotAnalysis/Proposition?number=31&year=2022

State Wildfire Response Costs Estimated to Be Higher Than Budgeted

Oct 19, 2020 - To the extent that the state is in a poor fiscal condition in 2021 ‑22, these increased General Fund costs will mean that the Legislature and Governor have to find budget solutions elsewhere, such as through more budget reductions, tax increases, or special fund borrowing.
https://lao.ca.gov/Publications/Report/4285

State Tax Collections Update: April 2020 to July 2020 [EconTax Blog]

Aug 20, 2020 - State Tax Collections Update: April 2020 to July 2020 [EconTax Blog] Seth Kerstein Bottom Line. Total revenue collections for the state ’s three largest taxes —personal income tax (PIT), sales tax, and corporation tax —across April 2020 to July 2020 came in 9 percent ($4.3 billion) ahead of budget projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/525

The 2022-23 California Spending Plan: Child Care and Preschool

Oct 27, 2022 - The Superintendent of Public Instruction is to develop a methodology to determine grant awards to each county based on the number of three- and four-year olds in the county. Funds can be used for a variety of purposes including assessing parental preferences for preschool and engaging in community-level coordination to implemen t preschool options.
https://lao.ca.gov/Publications/Report/4643

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [Publication Details]

Jan 26, 2022 - The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [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/4501

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - Federal Tax Laws Exempt Pandemic ‑Related Financial Assistance. Federal personal income tax and corporation tax laws generally consider grants and forgiven loans as taxable business income. However, the federal tax laws were changed to specifically exclude these pandemic ‑related financial assistance programs from taxable income.
https://lao.ca.gov/Publications/Report/4501