US EditionNew GOP Bill Would Block Marijuana Industry Tax Deductions, Even After Federal Rescheduling
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Marijuana Moment
newsbudz.comNew GOP Bill Would Block Marijuana Industry Tax Deductions, Even After Federal Rescheduling
Two GOP senators have introduced a bill that would continue to block marijuana businesses from taking federal tax deductions under Internal Revenue Service (IRS) code 280E—even if it’s ultimately rescheduled. Sens. James Lankford (R-OK) and Pete Ricketts (R-NE) filed the “No Deductions for Marijuana Businesses Act” on Thursday to maintain the tax barrier for the industry, which has been eagerly following the ongoing administrative process of mov…
Quorum Call
atokacountytimes.comLankford Introduces Bill to Block Tax Breaks for Marijuana Businesses
Lankford was joined on the bill by Senator Pete Ricketts (R-NE). “Marijuana doesn't make our families stronger, our streets safer, or our … Full story here. More Sen. Ricketts News Published by www.lankford.senate.gov The post Lankford Introduces Bill to Block Tax Breaks for Marijuana Businesses appeared first on Quorum Call.
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