How Does Tech Company Equity Pay Affect Income Tax Withholding? [EconTax Blog]

Nov 16, 2023 - Based on a review of financial filings from large tech companies, state income tax withholding from equity pay at these companies has been at least $5 billion annually in recent years.     Equity Pay Withholding as a Share of Total Income Tax Withholding Estimated stock equity withholding from state 's  large tech companies, including Apple,
https://lao.ca.gov/LAOEconTax/Article/Detail/789

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - The state ’s five largest tech companies —Apple, Google, Nvidia, Broadcom, and Meta —are currently worth $15 trillion. Including California ’s other large technology firms, the state ’s tech companies make up more than 60 percent of the total value of the Nasdaq 100 index, a list of the 100 most valuable companies listed on the Nasdaq stock exchange.
https://lao.ca.gov/LAOEconTax/Article/Detail/843

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - The state ’s five largest tech companies —Apple, Google, Nvidia, Broadcom, and Meta —are currently worth $15 trillion. Including California ’s other large technology firms, the state ’s tech companies make up more than 60 percent of the total value of the Nasdaq 100 index, a list of the 100 most valuable companies listed on the Nasdaq stock exchange.
https://lao.ca.gov/LAOEconTax/article/Detail/843

California's Economy and Taxes

Update: Tech Company Equity Pay Driving Withholding in 2024 November 20, 2024 California 's technology companies, including giants like Apple, Google, Nvidia, and Meta, are some of the most valuable companies in the world and support thousands of high-paying jobs in th e state.
https://lao.ca.gov/LAOEconTax?tagId=56

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details]

Sep 7, 2023 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 6 (Corrections). This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4800

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The state pays for retiree health benefits differently from how it pays for pension benefits. In the case of retiree health benefits, the state pays a percentage of pay towards normal cost (specified in labor agreements and matched by employees) to prefund the benefit and it pays the unfunded liability on a
https://lao.ca.gov/Publications/Report/4800

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

California's Economy and Taxes

Update: Tech Company Equity Pay Driving Withholding in 2024 November 20, 2024 California 's technology companies, including giants like Apple, Google, Nvidia, and Meta, are some of the most valuable companies in the world and support thousands of high-paying jobs in th e state.
https://lao.ca.gov/LAOEconTax?tagId=2

An issue has arisen regarding the transition costs in 2010-11 of switching to a new fiscal intermediary (FI) for Medi-Cal. The Department of Health Care Services (DHCS) estimates the new contract will

Apr 23, 2010 - As noted earlier, making an apples-to-apples comparison of transition costs is difficult. After adjusting for certain factors which Blue Sky was not able to take into account, there would be little significant fiscal impact in 2010-11 under either FI scenario.
https://lao.ca.gov/Recommendations/Details/203