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