Section 17275.4 - Deductions for contributions to a postsecondary institution, Key Worldwide Foundation, or the Edge College and Career Network, LLC prohibited for certain taxpayers(a) For taxable years beginning on or after January 1, 2014, a deduction for a charitable contribution to an educational organization that is a postsecondary institution or to the Key Worldwide Foundation, pursuant to Section 170 of the Internal Revenue Code, relating to charitable, etc., contributions and gifts, and a deduction for a business expense related to a payment to the Edge College and Career Network, LLC, pursuant to Section 162 of the Internal Revenue Code, relating to trade or business expenses, shall not be allowed to a taxpayer who meets all of the following conditions: (1) They are charged as a defendant in any of the following criminal complaints filed in the United States District Court for the District of Massachusetts: (A) Criminal Complaint #19-CR-10081-IT.(B) Criminal Complaint #19-CR-10078-RWZ.(C) Criminal Complaint #19-CR-10075-MLW.(D) Criminal Complaint #19-CR-10074-NMG.(E) Criminal Complaint #19-cr-10079-RWZ.(F) Criminal Complaint #1:19-cr-10117.(G) Criminal Complaint #1:19-cr-10115.(H) Criminal Complaint #19-cr-10131.(I) Criminal Complaint #1:19-cr-10116.(J) Criminal Complaint #1-19-cr-10080.(2) There is a final determination of their guilt with regard to a violation of any offense of Title 18 of the United States Code arising out of that criminal complaint.(3) There is a finding that they took the deduction unlawfully pursuant to the final determination of guilt described in paragraph (2), or pursuant to a determination by the Franchise Tax Board.(b) For purposes of this section, "final determination of guilt" means that the defendant has been convicted by verdict of a jury, accepted and recorded by the court, by a finding of the court in a case where a jury has been waived, or by a plea of guilty, and that the defendant has exhausted all appellate remedies.Ca. Rev. and Tax. Code § 17275.4
Added by Stats 2019 ch 511 (AB 136),s 2, eff. 10/4/2019.