Cal. Rev. & Tax. Code § 24343.8
Current through the 2023 Legislative Session.
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.
Ca. Rev. and Tax. Code § 24343.8