US SB422 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on February 7 2019 - 25% progression, died in committee
Action: 2019-02-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2019 - 25% progression, died in committee
Action: 2019-02-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Small Business Tax Equity Act of 2019
Sponsors
Sen. Ron Wyden [D-OR] | Sen. Rand Paul [R-KY] | Sen. Michael Bennet [D-CO] | Sen. Patty Murray [D-WA] |
Sen. Jeff Merkley [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2019-02-07 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1118 (Same As) 2019-02-08 - Referred to the House Committee on Ways and Means.
HB1119 (Related) 2019-03-14 - Referred to the Subcommittee on Health.
SB421 (Related) 2019-02-07 - Read twice and referred to the Committee on Finance.
HB1119 (Related) 2019-03-14 - Referred to the Subcommittee on Health.
SB421 (Related) 2019-02-07 - Read twice and referred to the Committee on Finance.
Subjects
Alternative treatments
Business investment and capital
Drug trafficking and controlled substances
Income tax credits
Income tax deductions
Retail and wholesale trades
Taxation
Business investment and capital
Drug trafficking and controlled substances
Income tax credits
Income tax deductions
Retail and wholesale trades
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/422/all-info |
Text | https://www.congress.gov/116/bills/s422/BILLS-116s422is.pdf |