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No Tax Deductions for Marijuana Sales
Recent Bills/No Tax Deductions for Marijuana Sales

No Tax Deductions for Marijuana Sales

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Finance.
More:Recently Introduced BillsTaxesSenate Bills
Why This Matters

This bill maintains the rule that marijuana businesses cannot deduct their expenses from their taxes, keeping their tax burden higher.

If you own a marijuana business, you cannot deduct any expenses from your taxes starting from the date this law is enacted.
Who this affects
marijuana business owners · marijuana operators
What changes is this bill making?
  1. 1This bill keeps the current rule that marijuana businesses cannot deduct expenses on their taxes.
  2. 2It specifically targets businesses involved in trafficking marijuana, which is illegal under federal law.
  3. 3The bill applies to all expenses incurred after it becomes law.
  4. 4This legislation reinforces the federal stance against marijuana, even in states where it is legal.

Last changed 25 days ago · checked hourly

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 16, 2025

Read twice and referred to the Committee on Finance.

Sponsors
See all 57 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
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