3.0.0 1855 2023-01-11T13:27:40Z 2023-01-11T13:27:40Z House HR 2015-04-16 114 [Congressional Record Volume 161, Number 55 (Thursday, April 16, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BLUMENAUER:H.R. 1855.Congress has the power to enact this legislation pursuantto the following:The Constitution of the United States provides clearauthority for Congress to pass tax legislation. Article I ofthe Constitution, in detailing Congressional authority,provides that ``Congress shall have Power to lay and collectTaxes . . .'' (Section 8, Clause 1). This legislation isintroduced pursuant to that grant of authority.[Page H2309]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-04-16T13:06:10Z Small Business Tax Equity Act of 2015 114 987 S 2015-04-16 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure:CR S2249; text of measure as introduced: CR S2249) Identical bill CRS 2015-04-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-04-16 Sponsor introductory remarks on measure. (CR E512) IntroReferral B00100 9 Library of Congress 2015-04-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-04-16 Introduced in House IntroReferral 1000 9 Library of Congress B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 N R000409 Rep. Rohrabacher, Dana [R-CA-48] DANA ROHRABACHER R CA 48 2015-04-16 True S000510 Rep. Smith, Adam [D-WA-9] ADAM SMITH D WA 9 2015-04-16 True H001051 Rep. Hanna, Richard L. [R-NY-22] Richard Hanna R NY L. 22 2015-04-16 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2015-04-16 True Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2015-04-16 True C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2015-05-05 False H001055 Rep. Heck, Joseph J. [R-NV-3] Joseph Heck R NV J. 3 2015-05-14 False T000468 Rep. Titus, Dina [D-NV-1] Dina Titus D NV 1 2015-05-14 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2015-05-14 False S001180 Rep. Schrader, Kurt [D-OR-5] Kurt Schrader D OR 5 2015-06-10 False M001191 Rep. Murphy, Patrick [D-FL-18] Patrick Murphy D FL 18 2015-07-07 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2015-07-07 False L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2015-09-11 False D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2015-09-11 False H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2015-10-21 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2015-10-21 False C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2016-05-16 False C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2016-11-16 False Taxation Alternative treatments Business investment and capital Drug trafficking and controlled substances Income tax credits Income tax deductions Retail and wholesale trades Taxation 00 2015-04-16 Introduced in House 2015-05-06T20:10:47Z Small Business Tax Equity Act of 2015

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.

]]> Small Business Tax Equity Act of 2015 Display Title Small Business Tax Equity Act of 2015 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law. Introduced in House IH Short Titles as Introduced Small Business Tax Equity Act of 2015 Introduced in House 2015-04-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1855ih/xml/BILLS-114hr1855ih.xml 2015-04-16 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.