The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Generally Reduced Tax Rates . . . The 2017 federal tax law reduced effective tax rates for many filers. (The effective tax rate is the total amount of tax divided by the taxpayer ’s gross income.) In particular, the law: Replaced the previous CT rate structure with a flat 21  p ercent tax rate.
https://lao.ca.gov/Publications/Report/3959

The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations

Feb 14, 2019 - The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations Department of Public Health —Enforcement 6.0 California Department of Tax and Fee Administration —Enforcement 6.0 5.5 No Multiyear Proposal.
https://lao.ca.gov/Publications/Report/3939

The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations [Publication Details]

Feb 14, 2019 - In this post, we review the administration’s reductions to certain allocations of Proposition 56 tobacco tax revenue. In our view, the administration’s approach for 2019-20 is reasonable. However, the administration has not yet decided how these adjustments will be determined in 2020-21 and beyond.
https://lao.ca.gov/Publications/Detail/3939

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Shifts Some County IHSS Costs to General Fund, Potentially Addressing Some State ‑County Cost ‑Sharing Issues. The budget proposes a number of changes to the mechanism by which the state provides counties with funding for IHSS costs.
https://lao.ca.gov/Publications/Report/3916