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 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. The amendment applies to taxable years ending after the date of the bill's enactment.
Committee Categories
Budget and Finance
Sponsors (7)
Ron Wyden (D)*,
Michael Bennet (D),
Al Franken (D),
Cory Gardner (R),
Jeff Merkley (D),
Patty Murray (D),
Rand Paul (R),
Last Action
Read twice and referred to the Committee on Finance. (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/senate-bill/777/all-info |
| BillText | https://www.congress.gov/115/bills/s777/BILLS-115s777is.pdf |
| Bill | https://www.congress.gov/115/bills/s777/BILLS-115s777is.pdf.pdf |
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