California Pass-through entity (PTE) elective tax - Qualified Entity

[User49462]

Does a qualified entity for the CA PTE tax have to be a CA partnership or does the CA PTE tax election only apply to the partnership income attributed to CA only (if partnership is based in another state and has income from multiple states)?

I’m a CA resident and I am part of a partnership that has business mostly outside of CA (roughly 99% of income is outside of CA). I would pay both federal and CA state income tax on the overall partnership income. Does this partnership qualify for the CA PTE tax election; I’m hoping the overall CA state income tax I would pay on the overall partnership income would provide some relief from my SALT deduction cap. Is that the right way to think about this new deduction?

[Anonymous_]

See https://www.ftb.ca.gov/file/business/credits/pass-through-entity-elective-tax/help.html