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Do professional sports teams qualify for the partial industry exemption in section 14300.2?

April 26, 2017Industry partial professional qualify section Sports teams

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Do professional sports teams qualify for the partial industry exemption in section 14300.2?

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No. Only those industry classifications listed in Appendix A to Section 14300.2 qualify for the partial industry exemption. Professional sports teams are classified under Standard Industrial Classification (SIC) code 794, which is not one of the listed exempt classifications. 14300.