summary
Introduced
03/30/2017
03/30/2017
In Committee
03/30/2017
03/30/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Small Business Tax Equity Act of 2017 This bill amends the Internal Revenue Code to exempt a trade or business that conducts marijuana sales in compliance with state law from the prohibition against allowing business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances.
AI Summary
This bill amends the Internal Revenue Code to exempt businesses that conduct marijuana sales in compliance with state law from the prohibition against allowing business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances. The amendment applies to taxable years ending after the date of the enactment of this Act, the Small Business Tax Equity Act of 2017.
Committee Categories
Budget and Finance
Sponsors (47)
Carlos Curbelo (R)*,
Earl Blumenauer (D),
Brendan Boyle (D),
Ken Buck (R),
Salud Carbajal (D),
Mike Coffman (R),
Steve Cohen (D),
Lou Correa (D),
Ryan Costello (R),
Joe Courtney (D),
Rodney Davis (R),
Peter DeFazio (D),
Diana DeGette (D),
Suzan DelBene (D),
Tom Emmer (R),
Tulsi Gabbard (D),
Matt Gaetz (R),
Alcee Hastings (D),
Denny Heck (D),
Jared Huffman (D),
Duncan Hunter (R),
Pramila Jayapal (D),
Dave Joyce (R),
Ro Khanna (D),
Ruben Kihuen (D),
Barbara Lee (D),
Jason Lewis (R),
Tom McClintock (R),
Betty McCollum (D),
Jerry McNerney (D),
Seth Moulton (D),
Eleanor Holmes Norton (D),
Beto O'Rourke (D),
Jimmy Panetta (D),
Erik Paulsen (R),
Ed Perlmutter (D),
Jared Polis (D),
Tom Reed (R),
Dana Rohrabacher (R),
Ileana Ros-Lehtinen (R),
Jacky Rosen (D),
Tim Ryan (D),
Mark Sanford (R),
Kurt Schrader (D),
Adam Smith (D),
Dina Titus (D),
Don Young (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/30/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/1810/all-info |
| BillText | https://www.congress.gov/115/bills/hr1810/BILLS-115hr1810ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr1810/BILLS-115hr1810ih.pdf.pdf |
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