To amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Small Business Tax Equity Act of 2023 and requires allowance of deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law Section 280E of the Internal Revenue Code of 1986 is amended by inserting. It relies on tax rate changes, definition changes, tax deductions, and compliance mandates. The main policy areas are Cannabis, Finance, and Agriculture.
Who Benefits and How
Cannabis businesses, researchers, or patients affected by the bill could face reduced risk, Businesses and employers affected by the bill could face reduced risk, and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Small Business Tax Equity Act of 2023.
- Requires allowance of deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law Section 280E of the Internal Revenue Code of 1986 is amended by inserting...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Small Business Tax Equity Act of 2023 and requires allowance of deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law Section 280E of the Internal Revenue Code of 1986 is amended by inserting.
Key Policy Areas
Cannabis, Finance, Agriculture
Primary Purpose
The bill creates short title This Act may be cited as the Small Business Tax Equity Act of 2023 and requires allowance of deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law Section 280E of the Internal Revenue Code of 1986 is amended by inserting.
Policy Domains
Whole bill
Identified Gains
- Cannabis businesses, researchers, or patients affected by the bill
- Businesses and employers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Blumenauer (for himself, Mr. Davis of Illinois, Mr. Joyce …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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