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US HR1810

US HR1810
Small Business Tax Equity Act of 2017


summary

Introduced
03/30/2017
In Committee
03/30/2017
Crossed Over
Passed
Dead
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)

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