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.

USA117^th CongressHR-9702| House

| Updated: 12/30/2022

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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Taxation

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.

USA117^th CongressHR-9702| House

| Updated: 12/30/2022

View Full Text

Nancy Mace

Republican Representative

South Carolina

Ways and Means Committee

Taxation

Introduced
In Committee
On Floor
Passed Chamber
Enacted

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.

Suggested Questions

Taxation

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.

Suggested Questions

Nancy Mace

Ways and Means Committee

Taxation

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.

Suggested Questions

Taxation

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.

Suggested Questions

Nancy Mace

Ways and Means Committee

Taxation