The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - There are also some properties that appear to meet the de finition, although perhaps less clearly, like information technology projects. Does the State Need to Own the Asset to Count It as an Exclusion?
https://lao.ca.gov/Publications/Report/4547

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - For example, two major proposals raise concerns for our office: the suspension of net operating loss (NOL) de ductions and unallocated state operations reductions. Finally, given that our revenue forecast is somewhat below the administration ’s forecast, we would suggest the Legislature consider whether or not it is comfortable with this downside risk to the state ’s budget picture.
https://lao.ca.gov/Publications/Report/4902

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - (For more information about this debt, see: The 2017‑18 Budget: The Governor’s CalPERS Borrowing Proposal and The 2018‑19 Budget: Repaying the CalPERS Borrowing Plan .) Debt Payments Must Supplement —Not Supplant —Funding for Two Years.
https://lao.ca.gov/Publications/Report/4887

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - Prior federal tax changes in 2017, there was no upper limit on the amount of SALT a filer could deduct. New Proposed Federal Rule Excludes Entity-Level Taxes From $10,000 Limit. Last November, the federal Internal Revenue Service introduced regulations specifying that state and local taxes on partnership and S corporation income imposed at the entity level (that is, before the
https://lao.ca.gov/Publications/Report/4452

The State Appropriations Limit

Apr 21, 2021 - For more information about the history of the appropriations limit, see our previous reports, including The 2017‑18 Budget: Governor’s Gann Limit Proposal , The State Appropriations Limit ,and An Analysis of Proposition 4 the Gann “Spirit of 13” Initiative .
https://lao.ca.gov/Publications/Report/4416