S 777
115th 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 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 30, 2017
Read twice and referred to the Committee on Finance.
Mar 30, 2017
Introduced in Senate
Plain-English summary
Small Business Tax Equity Act of 2017
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1