119th Congress
S. 471
No Deductions for Marijuana Businesses Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- James Lankford(R-OK)
- Introduced
- Feb 6, 2025
- Policy area
- Taxation
- Committees
- Senate Committee on Finance
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (2)
Original cosponsors (1)
- Pete Ricketts (R-NE)
Added later (1)
- Ted Budd (R-NC) · Feb 10, 2026
Summary
No Congressional Research Service summary yet. CRS usually publishes one a few weeks after a bill is introduced.
Official title: A bill to amend the Internal Revenue Code of 1986 to maintain the prohibition on allowing any deduction or credit associated with a trade or business involved in trafficking marijuana.
Latest action(Feb 6, 2025): Read twice and referred to the Committee on Finance.
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 6, 2025 · Senate
Read twice and referred to the Committee on Finance. - Feb 6, 2025
Introduced in Senate