Assessing Recent Changes to California Competes [Publication Details]

Mar 30, 2020 - Assessing Recent Changes to California Competes [Publication Details] Assessing Recent Changes to California Competes Format: HTML Description: California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Detail/4213

Funding for students attending private schools and homeschool. [Ballot]

Sep 27, 2021 - Districts pay off these bonds over time with revenue generated by increasing their property tax rates. Other sources of local revenue include donations, parcel taxes, inte rest earnings, and developer fees.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-006

The 2023-24 Budget: University of California

Feb 15, 2023 - According to UC, the Institute would be an independent research institute funded through a public ‑private partnership and classified for federal tax purposes as a California nonprofit public benefit corporation.
https://lao.ca.gov/Publications/Report/4684

Psilocybin [Ballot]

Dec 26, 2019 - The measure exempts psilocybin sold for religious, therapeutic, or medical purposes from sales taxes. Psilocybin sold for other purposes would be subject to state and local sales taxes. Fiscal Effects Below, we discuss various fiscal effects of the measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-027

The 2019-20 Budget: California Spending Plan—Housing and Homelessness

Oct 17, 2019 - Expanded Low-Income Housing Tax Credit. The budget package increases by $500  million the state ’s low-income housing tax credit program which provides tax credits to builders of rental housing affordable to low-income households.
https://lao.ca.gov/Publications/Report/4102

Financial Aid Award Amounts [EdBudget]

Aug 6, 2021 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit (CATC). The 2021-22 Budget Act caps the supplemental award at $12, though the actual award amount may be lower depending on available CATC revenues.
https://lao.ca.gov/Education/EdBudget/Details/540

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - Statutory Changes to Temporarily Change Process for Adjusting Cannabis Tax Rates. The California Department of Tax and Fee Administration (CDTFA) makes periodic, statutorily required adjustments to the rates for the state ’s two cannabis taxes: the retail excise tax and the cultivation tax.
https://lao.ca.gov/Publications/Report/4277

The 2019-20 May Revision: Initial Comments on the Governor’s May Revision

May 12, 2019 - We believe this increase in revenues likely is a one-time event in response to federal tax changes in 2017. Some Tax Policy Changes. The increase in revenues, including in PT and CT, also reflects some changes to tax policy and assumptions about the effects of those changes.
https://lao.ca.gov/Publications/Report/4039

Gauging Risk in Capital Gains Revenue Estimates [EconTax Blog]

Feb 12, 2019 - Gauging Risk in Capital Gains Revenue Estimates [EconTax Blog] Gauging Risk in Capital Gains Revenue Estimates February 12, 2019 Justin Garosi Revenue from taxation of capital gains is a major component of state personal income tax collections, making up 16 percent of total projected personal income tax revenues for 2018-19.
https://lao.ca.gov/LAOEconTax/Article/Detail/346

K-12 Funding by Source [EdBudget]

May 21, 2020 - Includes one-time pension payments of $2.1 billion in 2018-19, $1 billion in 2019-20, and $274 million in 2020-21. c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. d Consists of $4 billion from the Coronavirus Relief Fund, $1.6 billion from the Elementary and
https://lao.ca.gov/Education/EdBudget/Details/388