Summary: S.422 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.422. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/07/2019)

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.