Sec. 201. Allowance of deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law
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This section may be cited as the . Small Business Tax Equity Act of 2019 Section 280E of the Internal Revenue Code of 1986 is amended by inserting before the period at the end the following: , unless such trade or business consists of marijuana sales conducted in compliance with State law or the law of the Indian tribe, as defined in section 4 of the . Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 ), that has jurisdiction over the Indian country, as defined in section 1151 of title 18, where the trade or business is conducted The amendment made by this section shall apply with respect to taxable years ending after the date of the enactment of this Act.
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Sec. 201
Allowance of deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law
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