HR 9702 · 117th Congress · Taxation

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.

Introduced 2022-12-30· Sponsored by Rep. Mace, Nancy [R-SC-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2022-12-30)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only