H.R. 1118 · 116th Congress
Small Business Tax Equity Act of 2019
- Stage
- In committee
- Sponsor
- Earl Blumenauer
- Introduced
- 2019-02-08
- Latest action
- 2019-02-08 · Introduced in House
Summary
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.