S 422
116th 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 2019
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2019
Read twice and referred to the Committee on Finance.
Feb 7, 2019
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1