118th Congress · HOUSE BILLBILL

H.R. 2643 — Small Business Tax Equity Act of 2023

“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.”

Taxation

Introduced Apr 17, 2023

Last action Apr 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 17, 2023

Step 2

Referred

Apr 17, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 3 actions

Apr 17, 2023

Introduced in House

Apr 17, 2023

Sponsor introductory remarks on measure.

Apr 17, 2023

Referred to the House Committee on Ways and Means.