Bill · H.R. 1447· House(119-HR-1447)

No Deductions for Marijuana Businesses Act

Age: 54 years

Texas

Introduced: 2/21/2025
Last activity: 2/21/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Jodey Arrington
Cosponsors: - 12 - 0

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "No Deductions for Marijuana Businesses Act," aims to amend the Internal Revenue Code of 1986. It seeks to maintain a prohibition on any tax deductions or credits for businesses involved in trafficking marijuana. The bill specifically targets expenditures incurred during the taxable year for trades or businesses consisting of trafficking marijuana or certain controlled substances. This applies to activities prohibited by Federal law or the law of the State where the business operates. The changes would apply to amounts paid or incurred after the Act is enacted.

Yes

Does this give the federal government more power?+5
The bill asserts federal authority over tax treatment of industries that may be legal at the state level.

The opposite· 3 of 4

Would business owners be better off under this?-6
The bill negatively impacts business owners in the marijuana and controlled substance industries by denying them essential tax deductions.
Does this raise the taxes companies pay?-5
The bill effectively increases the tax burden on marijuana-related businesses by preventing them from claiming business deductions.
Does this leave more decisions to the states?-5
The bill overrides state-level legality by enforcing a federal tax prohibition on those businesses.