Statutory Frame Law: Cal. Rev. & Tax. Code §§ 19900–19906 (AB 150, as amended by SB 113). Rate: Flat 9.3 % on each consenting owner’s California-source income. Election Window: Tax years 2021-2025; sunsets before 1-1-2026. Owner Limits: Credit flows only to individuals, trusts, estates, and SMLLCs owned by them. Funds taxed as partnerships cannot claim […]