Business and Professions Code section 19705

Associations licensed pursuant to this chapter shall deduct the applicable license fees, commissions, and purses in the same percentages as provided for in Article 9.5 (commencing with Section 19610) of Chapter 4. Associations may also deduct an additional amount of up to 3 percent on multiple wagering pools in the same manner as provided for by Section 19614.2.

Source: Section 19705, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=19705. (updated Aug. 22, 1994; accessed Jun. 30, 2025).

19700
19701
19702
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19704
19705

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Verified:
Jun. 30, 2025

§ 19705's source at ca.gov

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Location: https://california.public.law/codes/business_and_professions_code_section_19705

Original Source: Section 19705, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=19705. (last accessed May 12, 2025).