SENATE 422116th CongressRead twice and referred to the Committee on Finance.
Small Business Tax Equity Act of 2019
- Last Action
- 2/7/2019
Actions
- 2019-02-07Read twice and referred to the Committee on Finance.
- 2019-02-07Introduced in Senate
CRS Summary
As of 2019-02-07 (00)
Small Business Tax Equity Act of 2019
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.
Subjects
- Alternative treatments
- Business investment and capital
- Drug trafficking and controlled substances
- Income tax credits
- Income tax deductions
- Retail and wholesale trades
Sourced from Congress.gov (public domain).
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