Introduced
S. 471
Introduced in Senate · March 11, 2025February 6 (
legislative day
, February 5), 2025
Mr. Lankford (for himself and Mr. Ricketts) introduced the following bill; which was read twice and referred to the Committee on Finance
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. Short title.
This Act may be cited as the “No Deductions for Marijuana Businesses Act”.