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

Nov 16, 2023 - State income tax withholding at Nvidia more than doubled over the same period. What Effect Has Boost in Equity Withholding Had on State Tax Receipts This Year? Income tax withholding receipts for 2022-23 were about 3 percent lower than a year before.
https://lao.ca.gov/LAOEconTax/article/Detail/789

U.S. Retail Sales Update: October 2023 [EconTax Blog]

Nov 15, 2023 - U.S. retail sales have grown 1.5 percent over the last 3 months and 2.5 percent over the last 12 months. Retail sales growth has outpaced inflation over the last 3 months, but not over the last 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/788

Local Sales Tax Revenue Allocation [Publication Details]

Nov 15, 2023 - Local Sales Tax Revenue Allocation [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/4815

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Film Tax Credit Extends Film Tax Credit Program. The budget extends the film tax credit —which awards $330  million in credits annually to motion picture productions —for five years beginning in 2025-26 (Program 4.0).
https://lao.ca.gov/Publications/Report/4814

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - The General Fund —which comprises 61  percent of the total DDS budget —provides $8.5  billion in 2023-24, up $1.5  billion, or 21  percent, over revised 2022-23 General Fund expenditures ($7.1  billion).
https://lao.ca.gov/Publications/Report/4812/1

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - Ultimately, the 2023-24 budget extends the expenditure deadline for all HCBS activities to up to December 31, 2024 (allowing for close-out activities until March  31, 2025). DOF can further extend the expenditure deadline to up to March  31, 2025 on a case-by-case basis.
https://lao.ca.gov/Publications/Report/4812/6

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - The 2023-24 spending plan changes the source for the 2023-24 expenditures, providing funds from the state ’s Greenhouse Gas Reduction Fund (GGRF) rather than the General Fund. This shift helped to address the state ’s overall budget problem.
https://lao.ca.gov/Publications/Report/4812/7

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - The 2023-24 budget package appropriates and extends expenditure authority through June 30, 2026 for $21.1  million General Fund unspent from 2020-21 and 2022-23 related to CCL ’s ongoing effort to create a new facility management data system, replacing and improving upon the functionalities of several legacy systems.
https://lao.ca.gov/Publications/Report/4812/8

Funding for students attending private schools. [Ballot]

Nov 2, 2023 - Districts pay off these bonds over time with revenue increases generated by increasing their property tax rates. The other sources of local revenue include donations, parcel taxes, interest earnings, and developer fees.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-026

Managed care organization tax. [Ballot]

Oct 27, 2023 - Overview of MCO Tax California Taxes MCOs ’ Enrollment to Help Cover its Share of Medi-Cal Costs. One of the fund sources California currently uses to support Medi-Cal is a tax on MCOs known as the “MCO tax. ” California has had such a tax or fee for nearly 20 years.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-024