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AB 1790 (Connolly), OCBC OPPOSE, Passed Out of Assembly Revenue and Taxation Committee

Orange County Business Council remains opposed to AB 1790 (Connolly), legislation that would repeal California’s longstanding water’s-edge election and move the state toward mandatory worldwide combined reporting for multinational corporations. On April 27, the bill advanced out of the Assembly Revenue and Taxation Committee on a 4-2 vote and now heads to the Assembly Appropriations Committee.