H.R. 9702 · 117th Congress · House

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.

Active· Referred to the House Committee on Ways and Means.
Introduced
Dec 30, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

3
  1. DEC 30, 2022IntroReferral

    Introduced in House

  2. DEC 30, 2022IntroReferral

    Introduced in House

  3. DEC 30, 2022IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Dec 30, 2022

Active