Background on the California Earned Income Tax Credit [Publication Details]

Apr 11, 2019 - Background on the California Earned Income Tax Credit [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/4007

How High? Adjusting California’s Cannabis Taxes [Publication Details]

Dec 17, 2019 - Adjusting California’s Cannabis Taxes [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/4125

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Specify Taxed Event and Point of Collection to Match Type of Tax Potency ‑based tax: tax retail sale and collect from retailer, or tax wholesale sale and collect from last distributor. Ad valorem tax (tiered or basic): tax retail sale and collect from retailer.
https://lao.ca.gov/Publications/Report/4125

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - The Legislature would generally need to repurpose the associated funding for other SAL‑related purposes, such as tax reductions or an alternative excluded expenditure. Issues for Legislative Consideration The Legislature may want to modify the Governor ’s proposal so that it best address its priorities.
https://lao.ca.gov/Publications/Report/4540

California’s Cannabis Taxes [Publication Details]

Feb 22, 2022 - California’s Cannabis Taxes [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/4559

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products [Publication Details]

May 12, 2019 - The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products [Publication Details] The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products Format: HTML Description: In the May Revision, the Governor has proposed two new sales tax exemptions that would go into effect on January 1, 2020 and expire on December 31, 2021: one for menstrual products and another for children’s diapers.
https://lao.ca.gov/Publications/Detail/4040

The 2020-21 Budget: Taxation of E-Cigarettes [Publication Details]

Feb 24, 2020 - We find that a tax based on nicotine content has some advantages. We also suggest that the Legislature consider a wide range of possible tax rates. Once the Legislature has chosen a rate, we recommend indexing the rate to inflation and revisiting it frequently to assess whether further adjustments are warranted.
https://lao.ca.gov/Publications/Detail/4171

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - This post explains how each of the tax conformity provisions changes the state ’s tax laws. The administration coupled tax conformity with an expansion of the state ’s Earned Income Tax Credit (EITC).
https://lao.ca.gov/Publications/Report/4100

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC) Expands Earned Income Tax Credit (EITC) Overview The EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4099

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - At the same time, federal tax law typically influences people ’s choices more than state tax law because federal tax rates are higher. This means that at least some of the investment receiving California tax benefits would happen anyway in response to the federal tax benefit.
https://lao.ca.gov/Publications/Report/4038