AB 1790 (Connolly), OCBC OPPOSE

Policy Newsroom

Orange County Business Council (OCBC) opposes AB 1790 (Connolly), which would eliminate California’s water’s-edge election beginning in 2028 and require mandatory worldwide combined reporting for corporate taxpayers. OCBC is concerned that this proposal would significantly increase tax burdens on companies doing business in California while adding substantial complexity and uncertainty to the state’s tax system.