Summary: H.R.1118 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.1118. Bill summaries are authored by CRS.

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Introduced in House (02/08/2019)

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.