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 CongressHR-1810| House
| Updated: 3/30/2017
Carlos Curbelo
Republican Representative
Florida
Cosponsors (46)
Tim Ryan (Democratic)Jared Huffman (Democratic)Barbara Lee (Democratic)Erik Paulsen (Republican)Don Young (Republican)Joe Courtney (Democratic)Ken Buck (Republican)Jimmy Panetta (Democratic)J. Luis Correa (Democratic)Dina Titus (Democratic)Tom McClintock (Republican)Steve Cohen (Democratic)Suzan K. DelBene (Democratic)Dana Rohrabacher (Republican)Mark Sanford (Republican)Peter A. DeFazio (Democratic)Ro Khanna (Democratic)Kurt Schrader (Democratic)Brendan F. Boyle (Democratic)David P. Joyce (Republican)Rodney Davis (Republican)Jacky Rosen (Democratic)Ryan A. Costello (Republican)Pramila Jayapal (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Jason Lewis (Republican)Denny Heck (Democratic)Tulsi Gabbard (Democratic)Salud O. Carbajal (Democratic)Ruben J. Kihuen (Democratic)Diana DeGette (Democratic)Adam Smith (Democratic)Jerry McNerney (Democratic)Beto O'Rourke (Democratic)Jared Polis (Democratic)Tom Emmer (Republican)Earl Blumenauer (Democratic)Matt Gaetz (Republican)Tom Reed (Republican)Seth Moulton (Democratic)Ileana Ros-Lehtinen (Republican)Ed Perlmutter (Democratic)Mike Coffman (Republican)Alcee L. Hastings (Democratic)Duncan D. Hunter (Republican)
Ways and Means 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 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
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 CongressHR-1810| House
| 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 House
Referred to the House Committee on Ways and Means.
Carlos Curbelo
Republican Representative
Florida
Cosponsors (46)
Tim Ryan (Democratic)Jared Huffman (Democratic)Barbara Lee (Democratic)Erik Paulsen (Republican)Don Young (Republican)Joe Courtney (Democratic)Ken Buck (Republican)Jimmy Panetta (Democratic)J. Luis Correa (Democratic)Dina Titus (Democratic)Tom McClintock (Republican)Steve Cohen (Democratic)Suzan K. DelBene (Democratic)Dana Rohrabacher (Republican)Mark Sanford (Republican)Peter A. DeFazio (Democratic)Ro Khanna (Democratic)Kurt Schrader (Democratic)Brendan F. Boyle (Democratic)David P. Joyce (Republican)Rodney Davis (Republican)Jacky Rosen (Democratic)Ryan A. Costello (Republican)Pramila Jayapal (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Jason Lewis (Republican)Denny Heck (Democratic)Tulsi Gabbard (Democratic)Salud O. Carbajal (Democratic)Ruben J. Kihuen (Democratic)Diana DeGette (Democratic)Adam Smith (Democratic)Jerry McNerney (Democratic)Beto O'Rourke (Democratic)Jared Polis (Democratic)Tom Emmer (Republican)Earl Blumenauer (Democratic)Matt Gaetz (Republican)Tom Reed (Republican)Seth Moulton (Democratic)Ileana Ros-Lehtinen (Republican)Ed Perlmutter (Democratic)Mike Coffman (Republican)Alcee L. Hastings (Democratic)Duncan D. Hunter (Republican)
Ways and Means 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.
- S 115-777: 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.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax creditsIncome tax deductionsRetail and wholesale trades