California's Economy and Taxes

Evaluating Tax Policy Changes in the Governor's Budget February 22, 2024 The Governor ’s budget includes several proposed tax policy changes. We recommend approving proposals to eliminate certain tax expenditures for fossil fuel companies and conform to federal law on tax deductions for open space and historical preservation.
https://lao.ca.gov/LAOEconTax?tagId=5

California's Economy and Taxes

If the Legislature instead prefers that this tax expenditure have a clear economic or fiscal rationale, it could reject the administration ’s proposal.   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

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

Biannual Report on Truck Deliveries

Dec 1, 2021 - Biannual Report on Truck Deliveries December 1, 2021 Biannual Report on Truck Deliveries Law Exempts Certain Truck Purchases From Sales and Use Tax. Chapter  226 of 2019 (AB  321, Patterson) created a sales and use tax exemption for truck sales that meet all of the following criteria: The truck has an unladen weight of at least 6,000 pounds.
https://lao.ca.gov/Publications/Report/4479

Budget Package--AB 425 and Related Trailer Bills

Major Features Revenues Increased revenues of $3.9 billion from tax rate increases, tax expenditure changes, and administrative-related actions. Key tax provisions include an increase in Vehicle License Fee rate from 0.65 percent to 1.5 percent, two-year suspension of net operating loss deductions, and increased taxes on cigarettes of 63 cents per pack (for a total tax of $1.50 per pack).
https://lao.ca.gov/2002/floor_packets/070102_budget_package.html

Cal Facts 1996 -- Table of Contents

Cal Facts 1996 -- Table of Contents California Has One of the World's Largest Economies Employment In California Is Spread Among Many Industries California Recovering From Recession Service and Trade Industries Leading California Recovery Some Service and Trade Industries Are High Paying Top Six Markets For California Exports Aerospace Employment Is Lowest in Decades Housing Activity Continues to
https://lao.ca.gov/1996/011696_calfacts/cf96toc.html

^[PDF] California's Tax Expenditure Programs: Sales Taxes

California's Tax Expenditure Programs: Sales Taxes Monetized Bullion, Gold and Silver Bullion, And Numismatic Coins . . . . . . . . . . . . . 180 Returnable Containers . . . . . . . . . . . . . . . . 182 Containers Whose Contents are Tax-Exempt . . . . . . . . . . . . . . . . . . . . . 183 Original Artworks and Displays For
https://lao.ca.gov/1999/tax_expenditure_299/tep_299_sales_tax.pdf

^[PDF] The 2025-26 Budget: Overview of the Governor’s Budget

New Tax Expenditures of $150 Million. The Governor’s budget includes some revenue proposals, which would expand existing tax expenditures and create new ones. This includes increasing the existing film tax credit from $330 million to $750 million per year and excluding some military retirement income from taxation.
https://lao.ca.gov/reports/2025/4951/budget-overview-2025-011325.pdf

Traveling in California: Transportation Revenues and Expenditures Part 2

Traveling in California: Transportation Revenues and Expenditures Part 2 $2,360 Background • Optional local sales taxes for transportation originated in 1970, when the Legislature authorized several counties served by the Bay Area Rapid Transit (BART) District to i mpose a regional sales tax. • Since then, the Legislature has authorized counties
https://lao.ca.gov/2000/051100_cal_travels/051100_cal_travels_finance-2.html

LAO Analysis of the 1997-98 Budget Bill

Growth in inflation-adjusted General Fund expenditures over the past 25 years can be explained in large part by the increase in students attending college. Figure  2 shows the 25-year history of General Fund and local property tax expenditures for UC, CSU, and the community colleges per full-time-equivalent student (FTE).
https://lao.ca.gov/analysis_1997/higher_ed_overview_anal97.html