California Lottery Result
CA Secretary of State - Vote98 - Analysis of Proposition 5 Authorizes the California State Lottery, but prohibits any other lottery. Allows horse racing and wagering on the result of races. Allows bingo for charitable purposes (regulated by cities and counties). Prohibits Nevada- and New Jersey-type casinos (although this phrase is not defined). ... Given these factors, the net impact of this measure on state and local government revenues is uncertain. For example, revenues could increase significantly if the measure were to result in a large expansion in gambling operations and a large portion of the new gambling were spending that would have otherwise occurred outside of California (such as in Nevada). On the other hand, if the expansion resulting from the measure were relatively limited or if most of the new gambling represented spending diverted from other areas in the local economy that are subject to taxation, the state could experience smaller gains or potentially revenue losses. ... [Read More]
Outlook and Options Recent court cases and Attorney General opinions have sharply reduced the ability of the lottery to raise money. Allow the lottery to run banked games and slot machines. ... Require all Internet information supplied by gambling interests have a direct link to a site that provides information and help for pathological gambling. If this could not be required of private interests, the state sites, such as for the lottery could have such information. The Florida regulatory agency has this feature. The Minnesota State Lottery has a site that contains information to help individuals make choices about whether or not to gamble, help set guidelines for healthy gambling, and talk with someone about gambling problems. ... [Read More]
An Initial Assessment of the California Performance Review: Overview andReorganization This applies to the proposal to maximize grant funds from the federal government, as well as the proposal to seek a higher federal tax rate on fuels containing ethanol (which would result in added transportation-related distributions to California). California has long argued for additional federal grants to recognize such factors as its higher-than-average poverty levels and its higher-than-average costs associated with illegal immigration. However, significant increases in federal funds would require changes in federal funding formulas, with potentially negative implications for other states. California is already lobbying Congress for increased federal taxes on fuels containing ethanol. It is not clear how the process change recommended by CPR will result in the report's assumed level of federal funds. ... [Read More]
Franchise Tax Board - Personal Income Tax California taxpayers are required to compute federal AGI by completing their federal tax return before determining California AGI. To determine federal AGI, taxpayers must subtract federal adjustments from federal income. Once the taxpayer has determined federal AGI, the taxpayer makes California adjustments, both additions and subtractions, to federal AGI to determine California AGI. The chart on page 11 illustrates the process used to arrive at California AGI. The combined federal income of full-year resident California taxpayers for 1996 was $528.9 billion. Major sources of income included: wages and salaries; dividends; interest; pensions and annuities; capital gains; business income; and distributions from partnerships and S corporations. Increases were noted for all major sources of income. Of particular note were the increases in wages and salaries of $23 billion (6.4 percent), net sale of capital assets of $12 billion (57.8 percent), and net partnership and S corporation inco ... [Read More]
Update on the Medical Litigation Crisis: Not the Result of the "Insurance Cycle" Insurance premiums are largely determined by the expensive litigation system. Although most cases do not actually go to trial, it costs a significant amount of money to defend each claim--an average of $24,669. The most dramatic cost driver, however, is the effect of the few cases that result in huge jury awards. Even though very few cases result in these awards, they encourage lawyers and plaintiffs in the hope they can win at the litigation lottery, and they influence every settlement discussion as well. ... [Read More]
CL Pamphlet In any activity in or on that portion of an establishment primarily designed for on-site consumption of alcohol. To sell alcoholic beverages for off-site consumption unless constantly supervised by a person 21 or older. To sell lottery tickets unless constantly supervised by a person 21 or older. ... Liquor and Lottery Sales ... To sell lottery tickets unless constantly supervised by a person 21 or older. ... [Read More]
California State Library - CRB Reports Over the last 30 years, the loss of property tax revenues by local governments has resulted in an increasing dependence on sales tax revenues. Proponents of property/sales tax swaps argue that local governments on the whole would be better off with more property tax and less sales tax. One reason is to reduce the fiscalization of land use, which results in competition between cities for the sales tax revenue produced by big box retail stores. A second reason is that over the past 20 years, the property tax base in California (net assessed valuation) has been growing faster than its sales tax base (taxable sales). However, tax base growth rates for individual cities vary widely. This report includes graphs showing the growth in property and sales tax bases for 218 individual cities since 1980. Similar to statewide trends, net assessed value in most cities has grown much faster than taxable sales, and is also less volatile. ... [Read More]
California Franchise Tax Board - 2000 Annual Report, Personal Income Tax California taxpayers are required to compute federal AGI by completing their federal tax return before determining California AGI. To determine federal AGI, taxpayers must subtract federal adjustments from federal income. Once the taxpayer has determined federal AGI, the taxpayer makes California adjustments, both additions and subtractions, to federal AGI to determine California AGI. The chart on page 12 illustrates the process used to arrive at California AGI. The combined total federal income of full-year resident California taxpayers for 1999 was $743.8 billion. Major sources of income included: wages and salaries, dividends, interest, pensions and annuities, capital gains, business income, and distributions from partnerships and S corporations. Increases were noted for all major sources of income. Of particular note were the increases in wages and salaries of $49.2 billion (11.2 percent), net sale of capital assets of $35.6 billion (61.1 percent), and net partnership and S corpo ... [Read More]
California State Senate Republican Caucus Sen. Dean Florez, D-Shafter, can be excused if he told California Lottery officials: "I told you so." A lawsuit has been filed by gambling opponents against the decision by the California Lottery Commission to join Mega Millions, a multistate lottery that was created in 2002 as an unincorporated association and includes 11 states. As chairman of the Senate Governmental Organization, Florez told lottery officials that legislative authorization was needed before California could joint the multistate lottery. ... [Read More]
Proposition 1A: Gambling on Tribal Lands. This proposition amends the State Constitution to permit Indian tribes to conduct and operate slot machines, lottery games, and banked and percentage card games on Indian land. These gambling activities could only occur if (1) the Governor and an Indian tribe reach agreement on a compact, (2) the Legislature approves the compact, and (3) the federal government approves the compact. (Although this proposition authorizes lottery games, Indian tribes can currently operate lottery games--subject to a gambling compact. This is because the State Constitution permits the State Lottery, and Indian tribes can operate any games already permitted in the state.) ... [Read More]
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