Senate Bill 777
115th Congress(2017-2018)
Small Business Tax Equity Act of 2017
Introduced
Introduced in Senate on Mar 30, 2017
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
777
Congress
115
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 2017
This bill amends the Internal Revenue Code to exempt a trade or business that conducts marijuana sales in compliance with state law from the prohibition against allowing business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances.
March 30, 2017
03/30/2017
Read twice and referred to the Committee on Finance.
03/30/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:36:10 PM