S 987
114th Congress
Senate
Taxation
Alternative treatments
Business investment and capital
Drug trafficking and controlled substances
Income tax credits
Income tax deductions
Retail and wholesale trades
Small Business Tax Equity Act of 2015
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure:
CR S2249; text of measure as introduced: CR S2249)
Apr 16, 2015
Introduced in Senate
Plain-English summary
Small Business Tax Equity Act of 2015
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.
What's happening now
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2249; text of measure as introduced: CR S2249)
Committees of jurisdiction
1