§ 18950.2. Exception: Payments for Travel in Connection with a Bona Fide Business.
2 CA ADC § 18950.2Barclays Official California Code of Regulations
2 CCR § 18950.2
§ 18950.2. Exception: Payments for Travel in Connection with a Bona Fide Business.
A payment made for transportation, lodging, or food, in connection with a bona fide business, trade, or profession, and which satisfies the criteria for federal income tax deductions for business expenses specified in Sections 162 and 274 of the Internal Revenue Code, is not an honorarium or gift unless the sole or predominant activity of the business, trade or profession is making speeches.
Credits
Note: Authority cited: Section 83112, Government Code. Reference: Sections 82028, 82030 and 89501-89506, Government Code.
History
1. New section filed 12-23-2013; operative 1-1-2014 pursuant to section 18312(e)(1)(A), title 2, California Code of Regulations. Submitted to OAL for filing pursuant to Fair Political Practices Commission v. Office of Administrative Law, 3 Civil C010924, California Court of Appeal, Third Appellate District, nonpublished decision, April 27, 1992 (FPPC regulations only subject to 1974 Administrative Procedure Act rulemaking requirements and not subject to procedural or substantive review by OAL) (Register 2013, No. 52).
This database is current through 4/19/24 Register 2024, No. 16.
Cal. Admin. Code tit. 2, § 18950.2, 2 CA ADC § 18950.2
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