Details of Public Law 116-260, section 210 , Temporary Allowance of Full Deduction for Business Meals

California conforms, under the PITL and the CTL, to the federal rules for the deductibility of fringe benefits under IRC section 274, as of the specified date of 1/1/2015, but does not conform to the federal repeal of the exception under federal law relating to the deduction disallowance for entertainment, amusement, or recreation that is directly related to the active conduct of a trade or business for amounts paid or incurred after 12/31/2017.

In addition, California does not conform to the temporary elimination of the 50 percent limitation on the deduction of expenses for food or beverages provided by a restaurant that are paid or incurred after 12/31/2020, and before 1/1/2023.

20/21 21/22 22/23 23/24 N/A $ (60,000,000) $ (39,000,000) $ (13,000,000)