Small Business Tax Equity Act of 2017
Latest action · Mar 30, 2017 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 30, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 46
Members who signed on, in the order they did. Signatures ran from Mar 30, 2017 to Jul 12, 2018; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-OR | Earl Blumenauer | Original | Mar 30, 2017 |
| D-WA | Denny Heck | Apr 3, 2017 | |
| D-CO | Diana DeGette | Apr 3, 2017 | |
| D-CO | Ed Perlmutter | Apr 3, 2017 | |
| D-CO | Jared Polis | Apr 3, 2017 | |
| D-OR | Peter A. DeFazio | Apr 3, 2017 | |
| D-WA | Adam Smith | Apr 6, 2017 | |
| D-OR | Kurt Schrader | Apr 6, 2017 | |
| D-TX | Beto O'Rourke | Apr 25, 2017 | |
| D-CT | Joe Courtney | Apr 25, 2017 | |
| D-DC | Eleanor Holmes Norton | May 11, 2017 | |
| D-CA | J. Luis Correa | May 11, 2017 | |
| D-NV | Dina Titus | May 18, 2017 | |
| D-OH | Tim Ryan | May 18, 2017 | |
| D-NV | Ruben J. Kihuen | May 22, 2017 | |
| R-CA | Tom McClintock | May 22, 2017 | |
| R-AK | Don Young | Jun 7, 2017 | |
| R-OH | David P. Joyce | Jun 8, 2017 | |
| R-CO | Mike Coffman | Jun 8, 2017 | |
| D-FL | Alcee L. Hastings | Jun 22, 2017 | |
| D-TN | Steve Cohen | Jun 23, 2017 | |
| D-WA | Suzan K. DelBene | Jun 28, 2017 | |
| R-NY | Tom Reed | Jun 29, 2017 | |
| D-NV | Jacky Rosen | Jul 11, 2017 | |
| R-CA | Dana Rohrabacher | Jul 19, 2017 | |
| D-CA | Ro Khanna | Jul 25, 2017 | |
| R-PA | Ryan A. Costello | Sep 6, 2017 | |
| R-MN | Jason Lewis | Sep 7, 2017 | |
| D-HI | Tulsi Gabbard | Sep 7, 2017 | |
| R-MN | Tom Emmer | Sep 8, 2017 | |
| R-SC | Mark Sanford | Sep 11, 2017 | |
| R-FL | Matt Gaetz | Sep 14, 2017 | |
| D-MN | Betty McCollum | Sep 27, 2017 | |
| D-CA | Barbara Lee | Oct 3, 2017 | |
| R-CA | Duncan Hunter | Oct 12, 2017 | |
| R-MN | Erik Paulsen | Oct 12, 2017 | |
| D-CA | Jerry McNerney | Oct 12, 2017 | |
| R-IL | Rodney Davis | Oct 12, 2017 | |
| R-CO | Ken Buck | Nov 10, 2017 | |
| D-MA | Seth Moulton | Nov 21, 2017 | |
| D-WA | Pramila Jayapal | Jan 18, 2018 | |
| R-FL | Ileana Ros-Lehtinen | Jan 29, 2018 | |
| D-CA | Jimmy Panetta | Feb 6, 2018 | |
| D-PA | Brendan F. Boyle | May 9, 2018 | |
| D-CA | Salud O. Carbajal | Jun 28, 2018 | |
| D-CA | Jared Huffman | Jul 12, 2018 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 30, 2017 |
Actions 2
Everything that happened, newest first.
- Mar 30, 2017Introduced in House
- Mar 30, 2017Referred to the House Committee on Ways and Means.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H3503 | Carlos Curbelo R-FL | Apr 24, 2018 |
| House | Debate and remarks H472, H473 | Carlos Curbelo R-FL, Mark Sanford R-SC | Jan 17, 2018 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 56, March 30, 2017, page H2600.
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HCONRES 97 | Directing the Clerk of the House of Representatives to make corrections in the enrollment of H.R. 1. | Related bill | Dec 18, 2017 |
| S 777 | Small Business Tax Equity Act of 2017 | Identical bill | Mar 30, 2017 |
| S 780 | Responsibly Addressing the Marijuana Policy Gap Act of 2017 | Related bill | Mar 30, 2017 |
| HR 1824 | Responsibly Addressing the Marijuana Policy Gap Act of 2017 | Related bill | Apr 24, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- 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.
- Short Titles as Introduced
- Small Business Tax Equity Act of 2017
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 30, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
