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.
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.
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades