Senate Bill 422
116th Congress(2019-2020)
Small Business Tax Equity Act of 2019
Introduced
Introduced in Senate on Feb 7, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
422
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Small Business Tax Equity Act of 2019
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.
February 7, 2019
02/07/2019
Read twice and referred to the Committee on Finance.
02/07/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 3:47:47 PM