Posts - Bill - S 471 No Deductions for Marijuana Businesses Act
senate 02/06/2025 - 119th Congress
We're working to ensure that businesses involved in the trafficking of marijuana, which remains illegal at the federal level, will not be able to claim tax deductions or credits. This proposed legislation aims to uphold current tax codes and maintain consistency with federal drug policy.
Congress.gov
S 471 - No Deductions for Marijuana Businesses Act
Views
left-leaning 02/06/2025
It's high time we stop letting outdated laws stifle economic growth!
moderate 02/06/2025
This bill keeps us in Federal-State conflict limbo on marijuana.
left-leaning 02/06/2025
Blocking deductions for marijuana businesses is just reefer madness 2.0.
left-leaning 02/06/2025
Why punish businesses for obeying state laws when it comes to cannabis?
right-leaning 02/06/2025
No deductions for those playing fast and loose with federal drug laws.
right-leaning 02/06/2025
This bill will prevent illegal drug profits from slipping through taxpayer fingers.
moderate 02/06/2025
How about we focus on standardizing marijuana laws instead of taxation headaches?
right-leaning 02/06/2025
Why should marijuana businesses get tax breaks for flaunting federal law?
moderate 02/06/2025
More red tape for cannabis businesses isn't exactly paving a smooth policy road.