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...
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.
S. 471 is a proposed law that seeks to amend the Internal Revenue Code of 1986. The main aim of this bill is to maintain the current ban on tax deductions or credits for expenses related to businesses that deal in marijuana and other federally illegal drugs. Specifically, it...
S. 471 is a plan to keep a rule that says businesses selling marijuana can't get special breaks on their taxes, even if marijuana is okay to sell in some states. This rule helps make sure businesses must pay all their taxes if what they're selling is not allowed by the big federal rules.
Showing 1 to 2 of 2 results