Bill116th CongressFiled Feb 7, 2019Taxation
S. 422
Small Business Tax Equity Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Feb 7, 2019)
Small Business Tax Equity Act of 2019
This bill exempts a trade or business that conducts marijuana sales in compliance with state law from a provision in the Internal Revenue Code that prohibits business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances.
What just happenedFeb 7, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Wyden, Ron [D-OR](D-OR)Sponsor
4 cosponsors3 D1 R
4cosponsors1committees2actions3related bills6subjects
- Introduced in SenateFeb 7, 2019
- Feb 7, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 7, 2019IntroReferral10000
Introduced in Senate