119-hr1447

HR
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No Deductions for Marijuana Businesses Act

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Introduced:
Feb 21, 2025
Policy Area:
Taxation

Bill Statistics

3
Actions
10
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text

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Latest Action

Feb 21, 2025
Referred to the House Committee on Ways and Means.

Actions (3)

Referred to the House Committee on Ways and Means.
Type: IntroReferral | Source: House floor actions | Code: H11100
Feb 21, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Feb 21, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Feb 21, 2025

Subjects (1)

Taxation (Policy Area)

Cosponsors (10)

Rep. Moran, Nathaniel [R-TX-1]
(R-TX)
Apr 10, 2025
Rep. Clyde, Andrew S. [R-GA-9]
(R-GA)
Mar 25, 2025
Rep. Smith, Adrian [R-NE-3]
(R-NE)
Mar 21, 2025
Rep. Harris, Andy [R-MD-1]
(R-MD)
Mar 4, 2025
Rep. Buchanan, Vern [R-FL-16]
(R-FL)
Feb 21, 2025
Rep. Edwards, Chuck [R-NC-11]
(R-NC)
Feb 21, 2025
Rep. Murphy, Gregory F. [R-NC-3]
(R-NC)
Feb 21, 2025
Rep. Moore, Blake D. [R-UT-1]
(R-UT)
Feb 21, 2025
Rep. Palmer, Gary J. [R-AL-6]
(R-AL)
Feb 21, 2025
Rep. Sessions, Pete [R-TX-17]
(R-TX)
Feb 21, 2025

Text Versions (1)

Introduced in House

Feb 21, 2025
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Full Bill Text

Length: 2,221 characters Version: Introduced in House Version Date: Feb 21, 2025 Last Updated: Nov 11, 2025 6:10 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1447 Introduced in House

(IH) ]

<DOC>

119th CONGRESS
1st Session
H. R. 1447

To amend the Internal Revenue Code of 1986 to maintain the prohibition
on allowing any deduction or credit associated with a trade or business
involved in trafficking marijuana.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 21, 2025

Mr. Arrington (for himself, Mr. Edwards, Mr. Murphy, Mr. Buchanan, Mr.
Moore of Utah, Mr. Palmer, and Mr. Sessions) introduced the following
bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to maintain the prohibition
on allowing any deduction or credit associated with a trade or business
involved in trafficking marijuana.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.

This Act may be cited as the ``No Deductions for Marijuana
Businesses Act''.
SEC. 2.

(a) In General.--
Section 280E of the Internal Revenue Code of 1986 is amended to read as follows: ``
is amended to read as follows:

``
SEC. 280E.

``No deduction or credit shall be allowed for any amount paid or
incurred during the taxable year in carrying on any trade or business
if such trade or business (or the activities which comprise such trade
or business) consists of trafficking in--
``

(1) marijuana (as defined in
section 102 (16) of the Controlled Substances Act (21 U.

(16) of the
Controlled Substances Act (21 U.S.C. 802

(16) )), or
``

(2) controlled substances (within the meaning 16 of
schedule I and II of the Controlled Substances 17 Act),
which is prohibited by Federal law or the law of any State in which
such trade or business is conducted.''.

(b) Effective Date.--The amendment made by this section shall apply
to amounts paid or incurred after the date of the enactment of this Act
in taxable years ending after such date.
<all>
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