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Tax Deductions and Credits for State-Compliant Marijuana Sales

This bill aims to amend tax laws, allowing businesses legally selling marijuana in compliance with state law to claim deductions and credits. This change would treat these businesses similarly to others, potentially impacting their profitability and product prices for consumers.
Key points
Businesses selling marijuana in compliance with state law will be able to deduct business expenses from their taxes.
Legal marijuana sellers will be eligible for tax credits.
Changes will apply to tax years ending after the bill's enactment date.
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Status: Expired
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Additional Information
Print number: 117_HR_9702
Sponsor: Rep. Mace, Nancy [R-SC-1]
Process start date: 2022-12-30
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9702.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-30.

What are the main provisions?

Key points include:

  • Businesses selling marijuana in compliance with state law will be able to deduct business expenses from their taxes.
  • Legal marijuana sellers will be eligible for tax credits.
  • Changes will apply to tax years ending after the bill's enactment date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Mace, Nancy [R-SC-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy