HR 9702
117th Congress
House
Taxation
To amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law.
Introduced: December 30, 2022
Introduced by:
Mace, Nancy
Republican
· South Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 30, 2022
Referred to the House Committee on Ways and Means.
Dec 30, 2022
Introduced in House
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1