California’s Cannabis Taxes [Publication Details]

Feb 22, 2022 - California’s Cannabis Taxes [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/4559

How Long Do Firms Take from Founding to IPO? [EconTax Blog]

Aug 18, 2021 - These shares generate revenue for the state in two ways: (1) when received, they are recognized as ‘supplemental wages ’ for tax purposes, which the firm is required to pay withholding on, and (2) when sold, the employee owes income tax on the capital gain if the stock ’s selling price is higher than the price when the employee first received it.
https://lao.ca.gov/LAOEconTax/Article/Detail/685

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - What Kinds of Tax Reductions Are Prohibited? The statutory language appears to prohibit any kind of tax reduction —direct or indirect —if the state accepts all of the fiscal relief funds. (Otherwise, the federal government will reduce the state ’s share of relief funds by the amount of the tax reduction.)
https://lao.ca.gov/Publications/Report/4407

SB 1 Has Doubled Major Source of State Funding for Local Streets and Roads

Jan 24, 2020 - SB 1 Provides More Shared Revenues for Local Streets and Roads Increased Fuel Taxes and New Vehicle Fees. Among other changes, SB  1 increased existing fuel taxes and created two new vehicle fees. Three of the fuel tax increases went into effect on November 1, 2017 and include a (1)  12 cent per gallon increase to the gasoline excise
https://lao.ca.gov/Publications/Report/4142

K-12 Funding by Source [EdBudget]

Aug 31, 2021 - This reduction is more than offset by (1) approximately $1.4 billion in one-time funding for various infrastructure improvements and (2) baseline increases in state pension costs and debt service on school facility bonds. c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local
https://lao.ca.gov/Education/EdBudget/Details/545

The 2024-25 Budget: Crafting Climate, Resources, and Environmental Budget Solutions

Feb 14, 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/4841

The 2024-25 Budget: California Community Colleges

Feb 21, 2024 - Shortfalls can occur as a result of colleges generating lower ‑than ‑budgeted enrollment fee revenue or local property tax revenue. The provisional budget language allows the Chancellor ’s Office to redirect unearned growth funds in this way after underlying apportionment data has been finalized, which occurs after the close of the fiscal year.
https://lao.ca.gov/Publications/Report/4853

Financial Aid Award Amounts [EdBudget]

Aug 16, 2022 - They are ineligible for supplemental nontuition awards for students with dependent children and foster youth, as well as the Dreamer Service Incentive Grant. dStudents who receive the Cal Grant B Access Award may also receive a supplemental award funded by the College Access Tax Credit (CATC), contingent upon available CATC funding. eThe Middle Class Scholarship may be used for tuition and/or nontuition costs.
https://lao.ca.gov/Education/EdBudget/Details/647

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - The state could reform th e underlying tax structure to make it less volatile, which nearly certainly would involve reducing tax rates for higher ‑income earners. Or, the state could address volatility by building reserves —funds that can be saved during upswings and spent during downturns.
https://lao.ca.gov/Publications/Report/4687

Cannabis Tax Revenue Update [EconTax Blog]

Mar 6, 2020 - 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/441