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Code · California · Business and Professions Code

§ 19705

58 words·~1 min read·/ca/business-and-professions-code/19705·

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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.
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