S. 471 119th Congress Senate

No Deductions for Marijuana Businesses Act

Official title: A bill to amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana.

Introduced: February 6, 2025 Introduced by: James Lankford Republican · Oklahoma See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 6, 2025

Read twice and referred to the Committee on Finance.

Feb 6, 2025

Introduced in Senate

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What's happening now February 6, 2025

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Lobbying activity 20

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

SAM ACTION, INC.
for SAM ACTION, INC. · Virginia · 3rd Quarter 2026 (July 1 - Sep 30)
ERIN MOFFET
for NATIONAL CANNABIS INDUSTRY ASSOCIATION · Colorado · 2nd Quarter 2026 (Apr 1 - June 30)
ERIN MOFFET
for NATIONAL CANNABIS INDUSTRY ASSOCIATION · Colorado · 1st Quarter 2026 (Jan 1 - Mar 31)
SAM ACTION, INC.
for SAM ACTION, INC. · Virginia · 2nd Quarter 2026 (Apr 1 - June 30)
THE LIAISON GROUP, LLC
for UNITED STATES CANNABIS ROUNDTABLE · Illinois · 2nd Quarter 2026 (Apr 1 - June 30)
SAM ACTION, INC.
for SAM ACTION, INC. · Virginia · 1st Quarter 2026 (Jan 1 - Mar 31)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
19 filings
SENATE
19 filings
White House Office
5 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 20 filings →

Cosponsors 2

Budd, Ted

North Carolina · Feb 10, 2026

Ricketts, Pete

Nebraska · Feb 6, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). S. 471: No Deductions for Marijuana Businesses Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-471/

MLA

"S. 471: No Deductions for Marijuana Businesses Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-471/.

Bluebook (legal)

S. 471, 119th Cong. (2026), https://openamerica.io/bill/119-S-471/.

Markdown link

[S. 471: No Deductions for Marijuana Businesses Act](https://openamerica.io/bill/119-S-471/)