Small Business Tax Equity Act of 2019
USA116th CongressHR-1118| House
| Updated: 2/8/2019
Earl Blumenauer
Democratic Representative
Oregon
Cosponsors (12)
Jared F. Golden (Democratic)Steven Horsford (Democratic)Jimmy Panetta (Democratic)Angie Craig (Democratic)Peter A. DeFazio (Democratic)David P. Joyce (Republican)Harley Rouda (Democratic)Salud O. Carbajal (Democratic)Joe Neguse (Democratic)Matt Gaetz (Republican)Kendra S. Horn (Democratic)Ed Perlmutter (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Small Business Tax Equity Act of 201 9 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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades
Small Business Tax Equity Act of 2019
USA116th CongressHR-1118| House
| Updated: 2/8/2019
Small Business Tax Equity Act of 201 9 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Earl Blumenauer
Democratic Representative
Oregon
Cosponsors (12)
Jared F. Golden (Democratic)Steven Horsford (Democratic)Jimmy Panetta (Democratic)Angie Craig (Democratic)Peter A. DeFazio (Democratic)David P. Joyce (Republican)Harley Rouda (Democratic)Salud O. Carbajal (Democratic)Joe Neguse (Democratic)Matt Gaetz (Republican)Kendra S. Horn (Democratic)Ed Perlmutter (Democratic)
Ways and Means Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades