The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The administration estimates this change will increase CT revenue in 2019 ‑20 by $32  million. Ends “Technical Termination ” of Partnerships. The budget package repeals a rule that previously terminated partnerships when more than 50  percent of the partnership was sold or exchanged.
https://lao.ca.gov/Publications/Report/4100

Investment Income and the Insurance Gross Premiums Tax [Publication Details]

Jul 24, 2008 - Submitted Pursuant to Chapter 868, Statutes of 2004 (AB 263, Oropeza)
https://lao.ca.gov/Publications/Detail/1880

Biannual Report on Truck Deliveries [Publication Details]

Dec 1, 2021 - Chapter 226 of 2019 (AB 321, Patterson) created a sales and use tax exemption for certain truck deliveries. The law also directs our office to submit a biannual report measuring the number of truck deliveries affected by the new exemption. This post describes our attempts to fulfill this requirement.
https://lao.ca.gov/Publications/Detail/4479

An Update on California’s Cash Management Situation

Aug 31, 2020 - In fact, while the state has not used external borrowing for cash management since 2014, in the 32 years between 1983 and 2014 the state issued at least one RAN in every single year excep t two (1995 and 2000).
https://lao.ca.gov/Publications/Report/4266

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - Chapter 69 of 2013 (AB 93, Committee on Budget) eliminated state economic development programs known as Enterprise Zones and replaced them with several new economic development programs. One such program —the California Competes tax credit —provides tax credits to select businesses on a case-by-case basis.
https://lao.ca.gov/Publications/Report/3586

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - For example, Chapter  687 of 2017 (AB  10, Garcia) requires relatively high-poverty middle schools and high schools to provide free menstrual products in restrooms. In many other areas, however, the state ’s policies could raise the equity concern described above.
https://lao.ca.gov/Publications/Report/4040

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Over this same period, employer appeals resulted in overturned decisions less often (32  percent of the time) than worker appeals. California ’s employer appeals result in overturned decisions about as often as other states (35  percent).
https://lao.ca.gov/Publications/Report/4615

State Spending Plan for 1991-92: The 1991 Budget Act and Related Legislation [Publication Details]

Sep 1, 1991 - This report summarizes the fiscal effect of the 1991 Budget Act (Ch 118/91-AB 222, Vasconcellos) including the effects of major legislation accompanying the budget which were enacted as part of the overall state spending plan for 1991-92.
https://lao.ca.gov/Publications/Detail/1179

Taxation of Sugary Drinks

Nov 26, 2018 - Taxes on sugary drinks have become increasingly common in recent years. In June 2018, the Legislature passed a law (Chapter 61 of 2018 [AB 1838, Committee on Budget]) prohibiting local governments from levying such taxes (and other taxes on groceries) through 2030. The law stated the Legislature’s intent to regulate the imposition and collection of such taxes to the exclusion of local action.
https://lao.ca.gov/Publications/Report/3903

Review of the California Competes Tax Credit

Oct 31, 2017 - Chapter 69 and Chapter  70 of 2013 (AB  93, Committee on Budget, and SB 90, Galgiani) eliminated EZs and replaced them with three new economic development programs: A partial sales tax exemption for purchases of certain manufacturing equipment.
https://lao.ca.gov/Publications/Report/3709