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Small Business Tax Equity Act of 2019

USA116th CongressS-422| Senate 
| Updated: 2/7/2019
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (4)
Rand Paul (Republican)Michael F. Bennet (Democratic)Patty Murray (Democratic)Jeff Merkley (Democratic)

Finance 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
Feb 7, 2019
Introduced in Senate
Feb 7, 2019
Read twice and referred to the Committee on Finance.
Feb 8, 2019

Latest Companion Bill Action

HR 116-1118
Introduced in House
  • February 7, 2019
    Introduced in Senate


  • February 7, 2019
    Read twice and referred to the Committee on Finance.


  • February 8, 2019

    Latest Companion Bill Action

    HR 116-1118
    Introduced in House

Taxation

Related Bills

  • HR 116-1119: Responsibly Addressing the Marijuana Policy Gap Act of 2019
  • S 116-421: Responsibly Addressing the Marijuana Policy Gap Act of 2019
  • HR 116-1118: Small Business Tax Equity Act of 2019
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades

Small Business Tax Equity Act of 2019

USA116th CongressS-422| Senate 
| Updated: 2/7/2019
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 Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 7, 2019
Introduced in Senate
Feb 7, 2019
Read twice and referred to the Committee on Finance.
Feb 8, 2019

Latest Companion Bill Action

HR 116-1118
Introduced in House
  • February 7, 2019
    Introduced in Senate


  • February 7, 2019
    Read twice and referred to the Committee on Finance.


  • February 8, 2019

    Latest Companion Bill Action

    HR 116-1118
    Introduced in House
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (4)
Rand Paul (Republican)Michael F. Bennet (Democratic)Patty Murray (Democratic)Jeff Merkley (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 116-1119: Responsibly Addressing the Marijuana Policy Gap Act of 2019
  • S 116-421: Responsibly Addressing the Marijuana Policy Gap Act of 2019
  • HR 116-1118: Small Business Tax Equity Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades