Official Bill Info

• Latest Action: May 25, 2011 Introduced in House

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  I know the most recent action for this bill is as follows: "Introduced in House" on May 25, 2011
• Committee Assignment: House Ways and Means

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  This bill has been assigned to the House Ways and Means committee.

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Most-commented sections of the bill text

• To amend the Internal Revenue Code of 1986 to allow a deduction for expenses in connection with the trade or business of selling marijuana intended for patients for medical purposes pursuant to State law. (1 comments, Link )

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  specifically, this section of the legislation: "To amend the Internal Revenue Code of 1986 to allow a deduction for expenses in connection with the trade or business of selling marijuana intended for patients for medical purposes pursuant to State law.",

Highest Rated User Comments

Highly Rated Blog Articles

• Please Thank Congressman Tom Petri for voting to end the cruel ... - May 26, 2012 by Jay - –H.R. 1985, the Small Business Tax Equity Act, would allow tax deductions for normal business expenses incurred by dispensaries and other medical marijuana businesses. –H.R. 2306, the Ending Federal Marijuana ...

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  As noted by Jay on May 26, 2012, "–H.R. 1985, the Small Business Tax Equity Act, would allow tax deductions for normal business expenses incurred by dispensaries and other medical marijuana businesses. –H.R. 2306, the Ending Federal Marijuana ..." (/url?q=http://www.jayselthofner.com/wordpress/2012/05/please-thank-congressman-tom-petri-for-voting-to-end-the-cruel-assault-on-medical-marijuana/&sa=U&ei=YfzIT8rTEqfC2wXAseHaCw&ved=0CDsQmAEwBQ&usg=AFQjCNHJIKvKu1qNVAecd254Gkm9-b99yg)
• Please Thank Congressman Tom Petri for voting to end the cruel ... - May 25, 2012 by Jay - –H.R. 1985, the Small Business Tax Equity Act, would allow tax deductions for normal business expenses incurred by dispensaries and other medical marijuana businesses. –H.R. 2306, the Ending Federal Marijuana ...

  Clicking this will add the following text:

  As noted by Jay on May 25, 2012, "–H.R. 1985, the Small Business Tax Equity Act, would allow tax deductions for normal business expenses incurred by dispensaries and other medical marijuana businesses. –H.R. 2306, the Ending Federal Marijuana ..." (/url?q=http://www.jayselthofner.com/wordpress/2012/05/please-thank-congressman-tom-petri-for-voting-to-end-the-cruel-assault-on-medical-marijuana/&sa=U&ei=AynaT73UEMaA2QWx5ZS_Bg&ved=0CDcQmAEwBw&usg=AFQjCNG3gXwHiOHSqjqMghTF5GO9ZuyBow)
• Please Thank Congressman Tom Petri for voting to end the cruel ... - May 25, 2012 by Jay - –H.R. 1985, the Small Business Tax Equity Act, would allow tax deductions for normal business expenses incurred by dispensaries and other medical marijuana businesses. –H.R. 2306, the Ending Federal Marijuana ...

  Clicking this will add the following text:

  As noted by Jay on May 25, 2012, "–H.R. 1985, the Small Business Tax Equity Act, would allow tax deductions for normal business expenses incurred by dispensaries and other medical marijuana businesses. –H.R. 2306, the Ending Federal Marijuana ..." (/url?q=http://www.jayselthofner.com/wordpress/2012/05/please-thank-congressman-tom-petri-for-voting-to-end-the-cruel-assault-on-medical-marijuana/&sa=U&ei=IejYT82IKYOy8ATS45yvAw&ved=0CDwQmAEwCA&usg=AFQjCNH9MRcMKTBzpY681ILa3ur63dkz2g)

Highly Rated News Articles

• IRS Threatens to Shut Down Medical Cannabis - February 23, 2012 by PRWeb - Last year, Congressman Pete Stark (D-CA) introduced the Small Business Tax Equity Act (H.R. 1985), which would create an exception to 280E for legal medical marijuana businesses, allowing them to take the full range of business expense deductions on their

  Clicking this will add the following text:

  As noted by PRWeb on February 23, 2012, "Last year, Congressman Pete Stark (D-CA) introduced the Small Business Tax Equity Act (H.R. 1985), which would create an exception to 280E for legal medical marijuana businesses, allowing them to take the full range of business expense deductions on their " (http://www.prweb.com/releases/irstaxcodes/280E-Reform-campaign/prweb9221330.htm)
• IRS Threatens to Shut Down Medical Cannabis - February 23, 2012 by Consumer Electronics Net - Last year, Congressman Pete Stark (D-CA) introduced the Small Business Tax Equity Act (H.R. 1985), which would create an exception to 280E for legal medical marijuana businesses, allowing them to take the full range of business expense deductions on their

  Clicking this will add the following text:

  As noted by Consumer Electronics Net on February 23, 2012, "Last year, Congressman Pete Stark (D-CA) introduced the Small Business Tax Equity Act (H.R. 1985), which would create an exception to 280E for legal medical marijuana businesses, allowing them to take the full range of business expense deductions on their " (http://www.consumerelectronicsnet.com/articles/viewarticle.jsp?id=1894470)
• IRS Threatens to Shut Down Medical Cannabis - February 22, 2012 by Seattle Post Intelligencer - Last year, Congressman Pete Stark (D-CA) introduced the Small Business Tax Equity Act (H.R. 1985), which would create an exception to 280E for legal medical marijuana businesses, allowing them to take the full range of business expense deductions on their

  Clicking this will add the following text:

  As noted by Seattle Post Intelligencer on February 22, 2012, "Last year, Congressman Pete Stark (D-CA) introduced the Small Business Tax Equity Act (H.R. 1985), which would create an exception to 280E for legal medical marijuana businesses, allowing them to take the full range of business expense deductions on their " (http://www.seattlepi.com/business/press-releases/article/IRS-Threatens-to-Shut-Down-Medical-Cannabis-3355413.php?cmpid=twitter)