A bill to amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connections with marijuana sales conducted in compliance with State law.
Small Business Tax Equity Act of 2019
This bill exempts a trade or business that conducts marijuana sales in compliance with state law from a provision in the Internal Revenue Code that prohibits business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances.
Read twice and referred to the Committee on Finance.
Referred to the Subcommittee on Health.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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