The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - The Governor ’s official January proposals include $ 17  m illion of expenditures from the new fund. Including the additional administrative costs described below, we expect the administration ’s overall 2020 ‑ 21 e xpenditure plan for e ‑cigarette tax revenues to total roughly $ 24  m illion.
https://lao.ca.gov/Publications/Report/4171

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [Publication Details]

Jan 26, 2022 - The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [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/4501

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - Federal Tax Laws Exempt Pandemic ‑Related Financial Assistance. Federal personal income tax and corporation tax laws generally consider grants and forgiven loans as taxable business income. However, the federal tax laws were changed to specifically exclude these pandemic ‑related financial assistance programs from taxable income.
https://lao.ca.gov/Publications/Report/4501

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - Annual Report on Tax Exemptions for Medicinal Cannabis July 1, 2021 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter   837 o f 2019 (S B  34 , Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4447

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

Jul 1, 2021 - 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/4447

California's Tax System: A Visual Guide [Publication Details]

Apr 12, 2018 - This visual guide explains California's tax system using over 40 data visualizations. The report examines various characteristics of the tax system including what items are taxed, who pays the taxes, and how taxes are used.
https://lao.ca.gov/Publications/Detail/3805

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Recently, corporation tax collections have grown faster than anticipated while personal income tax collections have grown somewhat slower. The administration assumes that this pattern will continue. This is because they attribute the pattern to partnerships, which are taxed under the personal income tax, changing to corporations in response to 2017 federal tax changes.
https://lao.ca.gov/Publications/Report/4135

The 2019-20 Budget: Tax Conformity [Publication Details]

Mar 6, 2019 - Generally, the federal tax changes reduced tax rates and broadened the tax base (what is subject to tax). Because the state’s income tax laws closely refer to large portions of federal law, many of those changes created new differences between federal and state taxes.
https://lao.ca.gov/Publications/Detail/3959

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Generally Reduced Tax Rates . . . The 2017 federal tax law reduced effective tax rates for many filers. (The effective tax rate is the total amount of tax divided by the taxpayer ’s gross income.) In particular, the law: Replaced the previous CT rate structure with a flat 21  p ercent tax rate.
https://lao.ca.gov/Publications/Report/3959

Understanding California’s Sales Tax [Publication Details]

May 6, 2015 - Understanding California’s Sales Tax [Publication Details] Video Description: California’s state and local governments levy a tax on retail sales of tangible goods. This report begins with an overview of California’s sales and use tax.
https://lao.ca.gov/Publications/Detail/3244