Bipartisan Bill to Normalize Federal Taxation for Legal Cannabis Businesses Introduced in House of Representatives

NORML
By Morgan Fox, NORML Political DirectorApr 17, 2023, 9:36 pm226 pts
The Small Business Tax Equity Act provides an exemption for state-licensed cannabis businesses from federal tax code 280E, which prevents anyone engaged in the trade of certain federally prohibited substances from deducting business expenses. The post Bipartisan Bill to Normalize Federal Taxation for Legal…

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