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S. 422 116th Congress Senate

Small Business Tax Equity Act of 2019

Official title: A bill to amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connections with marijuana sales conducted in compliance with State law.

Introduced: February 7, 2019 Introduced by: Ron Wyden Democratic · Oregon See on congress.gov
Taxation Alternative treatmentsBusiness investment and capitalDrug trafficking and controlled substancesIncome tax credits
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Income tax deductionsRetail and wholesale trades
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action February 7, 2019

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 3
  • HR 1118 Identical bill Small Business Tax Equity Act of 2019
  • S 421 Responsibly Addressing the Marijuana Policy Gap Act of 2019
  • HR 1119 Responsibly Addressing the Marijuana Policy Gap Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Republican 1
D
Merkley, Jeff
Oregon · Apr 29, 2019
 D
Bennet, Michael F.
Colorado · Feb 7, 2019
 D
Murray, Patty
Washington · Feb 7, 2019
 R
Paul, Rand
Kentucky · Feb 7, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 422: Small Business Tax Equity Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-422/
MLA
"S. 422: Small Business Tax Equity Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-422/.
Bluebook (legal)
S. 422, 116th Cong. (2026), https://openamerica.io/bill/116-S-422/.
Markdown link
[S. 422: Small Business Tax Equity Act of 2019](https://openamerica.io/bill/116-S-422/)
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