California Revenue and Taxation Code

§ 17228

RTC § 17228 Effective Sep 29, 2014Div. 2 · Part 10 · Ch. 3 · Art. 6

Statute text

For taxable years beginning on or after January 1, 2014, a deduction shall not be allowed for the amount of any fine or penalty paid or incurred by an owner of all or part of a professional sports franchise, where that fine or penalty is assessed or imposed by the professional sports league that includes that franchise.

Legislative history

Added by Stats. 2014, Ch. 792, Sec. 1. (AB 877) Effective September 29, 2014.