Small Business Tax Equity Act of 2019
Latest action · Feb 8, 2019 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.
- IntroducedFeb 8, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 12
Members who signed on, in the order they did. Signatures ran from Apr 29, 2019 to Dec 8, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | David P. Joyce | Apr 29, 2019 | |
| R-FL | Matt Gaetz | Apr 29, 2019 | |
| D-CO | Ed Perlmutter | Jun 4, 2019 | |
| D-CA | Harley Rouda | Jun 4, 2019 | |
| D-ME | Jared F. Golden | Jun 4, 2019 | |
| D-OR | Peter A. DeFazio | Jun 4, 2019 | |
| D-CA | Salud O. Carbajal | Jun 12, 2019 | |
| D-CO | Joe Neguse | Sep 17, 2019 | |
| D-OK | Kendra S. Horn | Mar 10, 2020 | |
| D-NV | Steven Horsford | Apr 17, 2020 | |
| D-MN | Angie Craig | Jun 25, 2020 | |
| D-CA | Jimmy Panetta | Dec 8, 2020 |
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 Feb 8, 2019 |
Actions 2
Everything that happened, newest first.
- Feb 8, 2019Introduced in House
- Feb 8, 2019Referred to the House Committee on Ways and Means.
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. 165, no. 25, February 8, 2019, page H1493.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44782 | The Evolution of Marijuana as a Controlled Substance and the Federal-State Policy Gap | Report | Apr 7, 2022 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 421 | Responsibly Addressing the Marijuana Policy Gap Act of 2019 | Related bill | Feb 7, 2019 |
| S 422 | Small Business Tax Equity Act of 2019 | Identical bill | Feb 7, 2019 |
| HR 1119 | Responsibly Addressing the Marijuana Policy Gap Act of 2019 | Related bill | Mar 14, 2019 |
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 Title(s) as Introduced
- Small Business Tax Equity Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 8, 2019Introduced 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.
