Bill117th CongressFiled Dec 30, 2022Taxation
H.R. 9702
To amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law.
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Dec 30, 2022)
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 happenedDec 30, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Mace, Nancy [R-SC-1](R-SC)Sponsor
1committees3actions
- Introduced in HouseDec 30, 2022
- Dec 30, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Dec 30, 2022IntroReferralIntro-H
Introduced in House
- Dec 30, 2022IntroReferral1000
Introduced in House