Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 24, 2025 - Annual Report on Tax Exemptions for Medicinal Cannabis [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/5059

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2025 - Annual Report on Tax Exemptions for Medicinal Cannabis June 24, 2025 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  837 of 2019 (SB  34, Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/5059

Trends in CalWORKs: Participant Characteristics

Jun 16, 2025 - In response to the economic consequences of the COVID ‑19 pandemic, many state and federal benefits for lower ‑income or unemployed individuals (such as unemployment insurance and tax credits) were temporarily expanded.
https://lao.ca.gov/Publications/Report/5057

Cannabis Tax Revenue Update (2025 Q1) [EconTax Blog]

Jun 3, 2025 - Proposition 64 created two excise taxes on cannabis: a 15 percent retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/Article/Detail/831

Cannabis Tax Revenue Update (2025 Q1) [EconTax Blog]

Jun 3, 2025 - Proposition 64 created two excise taxes on cannabis: a 15 percent retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/article/Detail/831

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - For firearm and ammunition excise tax returns filed for the first three quarters of 2024-25, the total amount of tax due is $44 million . Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment.
https://lao.ca.gov/LAOEconTax/Article/Detail/830

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - For firearm and ammunition excise tax returns filed for the first three quarters of 2024-25, the total amount of tax due is $44 million . Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment.
https://lao.ca.gov/LAOEconTax/article/Detail/830

The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - Since the passage of AB  398 in 2017 (with a two-thirds vote of both houses of the Legislature), GGRF is considered akin to a tax. As such, it is a flexible funding source that can be used to help meet the state ’s most important activities (similar to the General Fund).
https://lao.ca.gov/Publications/Report/5049

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - This budget problem is driven by two key factors: higher baseline spending, most notably in Medi‑Cal, and lower revenues, reflecting diminished expectations for both the personal income tax and the corporation tax.
https://lao.ca.gov/Publications/Report/5044

Assessing The Recent Drop in Consumer Sentiment [EconTax Blog]

May 9, 2025 - The figures below show growth in employment and state personal income tax revenues in the 24 months following a fall in consumer sentiment similar to the one recently observed. Employment and revenue growth are significantly lower in these periods than in a typical 24-month period.
https://lao.ca.gov/LAOEconTax/Article/Detail/827