^[PDF] California's Tax Expenditure Programs: Income Taxes

The average com- puted ratio is then multiplied by the total net corporate income (whether on a worldwide basis or water’s-edge basis) to arrive at the amount of income attributable to California. This amount is then used in the calculation described above to arrive at corporate state tax liabilities.
https://lao.ca.gov/1999/tax_expenditure_299/tep_299_income_tax.pdf

2005 Initiative Analysis: The Economic Recovery Tax Relief Act (version 3)

This inversion allows certain income earned by water’s edge corporations that would otherwise be taxed to escape taxation. The measure requires that income fr om an inverted domestic corporation be included for corporations with water’s edge reporting.
https://lao.ca.gov/ballot/2005/050102.htm

^[PDF] State Taxation

This inversion allows certain income earned by water’s edge corporations that would otherwise be taxed to escape taxation. The measure requires that income from an inverted domestic corporation be included for corporations with water’s edge reporting. • • Intangible Drilling Costs.
https://lao.ca.gov/ballot/2005/050102.pdf

The 2016-17 Budget: Department of General Services

Feb 22, 2016 - Governor ’s Proposal Shift GCP to DGS. The Governor ’s budget proposes to shift the GCP from VCGCB to DGS. As part of this shift, the budget transfers nine positions and $1.2  million in funding authority to DGS.
https://lao.ca.gov/Publications/Report/3362

2009-10 Budget Analysis Series: Overview of the Governor’s Budget [Publication Details]

Jan 8, 2009 - But it is urgent that the Legislature and Governor act immediately to address a budgetary and cash situation that has the state on the edge of fiscal disaster Reports by Policy Area
https://lao.ca.gov/Publications/Detail/1906

^[PDF] Letter to Honorable Mark Leno on Corporation Tax Trends

Given that water’s-edge is elective (generally for a seven-year period in current law), many corporations choose this method when it reduces their tax liability. Of the top 100 CT payers, 40 percent elected to use the water’s-edge method in 2012.
https://lao.ca.gov/letters/2014/Leno-Corporation-Tax-031314.pdf

2009-10 Budget Analysis Series: California's Cash Flow Crisis [Publication Details]

Jan 14, 2009 - To avoid this, it is urgent that the Legislature and the Governor act immediately to address the budgetary and cash crises that have put the state on the edge of fiscal disaster. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/1908

2005 Initiative Analysis: The Economic Recovery Tax Relief Act (version 1)

This inversion allows certain income earned by water’s edge corporations that would otherwise be taxed, to escape taxation. The measure would require that income from an inv erted domestic corporation be included in corporations with water’s edge reporting.
https://lao.ca.gov/ballot/2005/050085.htm

^[PDF] (1) various changes in the state's existing corporation tax (CT), personal income tax (PIT), insurance gross premiums tax, and local property tax, and (2) the imposition of a oil severance tax

This inversion allows certain income earned by water’s edge corporations that would otherwise be taxed, to escape taxation. The measure would require that income from an inverted domestic corporation be included in corporations with water’s edge reporting.
https://lao.ca.gov/ballot/2005/050085.pdf

2005 Initiative Analysis: The Economic Recovery Tax Relief Act (version 2)

This inversion allows certain income earned by water’s edge corporations that would otherwise be taxed to escape taxation. The measure requires that income from an inverted d omestic corporation be included in corporations with water’s edge reporting.
https://lao.ca.gov/ballot/2005/050103.htm