A bill to amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law.
USA115th CongressS-777| Senate
| Updated: 3/30/2017
Ron Wyden
Democratic Senator
Oregon
Cosponsors (6)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Small Business Tax Equity Act of 201 7 This bill amends the Internal Revenue Code to exempt a trade or business that conducts marijuana sales in compliance with state law from the prohibition against allowing business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades
A bill to amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law.
USA115th CongressS-777| Senate
| Updated: 3/30/2017
Small Business Tax Equity Act of 201 7 This bill amends the Internal Revenue Code to exempt a trade or business that conducts marijuana sales in compliance with state law from the prohibition against allowing business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Ron Wyden
Democratic Senator
Oregon
Cosponsors (6)
Finance Committee
Taxation
Related Bills
- S 115-780: A bill to amend the Controlled Substances Act to reduce the gap between Federal and State marijuana policy, and for other purposes.
- HCONRES 115-97: Directing the Clerk of the House of Representatives to make corrections in the enrollment of H.R. 1.
- HR 115-1824: To amend the Controlled Substances Act to reduce the gap between Federal and State marijuana policy, and for other purposes.
- HR 115-1810: To amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades