AB1790 — Corporations Tax Law: water's-edge election: global intangible low-taxed income.

AB1790 — Corporations Tax Law: water's-edge election: global intangible low-taxed income. · Informed CitizenryAB 1790 amends the Revenue and Taxation Code to modify how corporations calculate income derived from California sources when using a 'water’s-edge' election. Starting in 2026, the bill requires…Open in Informed Citizenry