H.R. 1447 seeks to amend the Internal Revenue Code of 1986, ensuring that businesses involved in marijuana trafficking cannot claim any tax deductions or credits. Under this bill, any business expenditures related to the trade or business of trafficking marijuana or other...
Simple Explanation
H.R. 1447 is a rule that says businesses can’t save money on taxes if they sell marijuana, because selling it isn’t legal under federal law, even if some states say it's okay.