No Deductions for Marijuana Businesses Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1447 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1447 To amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 21, 2025 Mr. Arrington (for himself, Mr. Edwards, Mr. Murphy, Mr. Buchanan, Mr. Moore of Utah, Mr. Palmer, and Mr. Sessions) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``No Deductions for Marijuana Businesses Act''. SEC. 2. EXPENDITURES IN CONNECTION WITH THE SALE OF MARIJUAN…