No Deductions for Marijuana Businesses Act

3/22/2025, 8:05 AM

Summary of Bill HR 1447

Bill 119 HR 1447, also known as the Maintaining Prohibition on Deductions for Marijuana Businesses Act, aims to amend the Internal Revenue Code of 1986 to continue the ban on allowing any deduction or credit for businesses involved in trafficking marijuana. This bill is in response to the growing trend of states legalizing marijuana for medical and recreational use, which has created a conflict between state and federal laws.

The bill specifically targets businesses that are engaged in the trafficking of marijuana, which is still considered illegal under federal law. By prohibiting these businesses from claiming deductions or credits on their federal tax returns, the bill seeks to discourage and penalize those who are profiting from the sale of marijuana.

Supporters of the bill argue that allowing deductions or credits for marijuana businesses would essentially be providing a financial incentive for illegal activity. They believe that maintaining the prohibition on these deductions is necessary to uphold federal law and discourage the trafficking of marijuana. Opponents of the bill, on the other hand, argue that it unfairly penalizes businesses operating legally under state law. They argue that marijuana businesses should be treated like any other legal business and be allowed to claim deductions and credits on their federal tax returns. Overall, Bill 119 HR 1447 is a contentious piece of legislation that highlights the ongoing debate over the legalization of marijuana and the conflict between state and federal laws. It will be interesting to see how this bill progresses through Congress and what impact it may have on the marijuana industry in the United States.

Current Status of Bill HR 1447

Bill HR 1447 is currently in the status of Bill Introduced since February 21, 2025. Bill HR 1447 was introduced during Congress 119 and was introduced to the House on February 21, 2025.  Bill HR 1447's most recent activity was Referred to the House Committee on Ways and Means. as of February 21, 2025

Bipartisan Support of Bill HR 1447

Total Number of Sponsors
4
Democrat Sponsors
0
Republican Sponsors
4
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
0
Republican Cosponsors
6
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 1447

Primary Policy Focus

Alternate Title(s) of Bill HR 1447

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.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.
Start holding our government accountable!

Comments

Sponsors and Cosponsors of HR 1447

Jodey C. Arrington
Jodey C. Arrington
Texas(Republican)
Gary J. Palmer
Gary J. Palmer
Alabama(Republican)

Latest Bills

Stop Raising Prices on Food Act
Bill HR 2842April 26, 2025
Protecting Medical Research Funding Act
Bill HR 2855April 26, 2025
Youth Sports Facilities Act of 2025
Bill HR 2850April 26, 2025
Housing Supply Frameworks Act
Bill HR 2840April 26, 2025
Reconciliation in Place Names Act
Bill HR 2843April 26, 2025
Great Lakes and National Weather Service Funding Protection Act
Bill HR 2856April 26, 2025
Expanded Student Saver’s Tax Credit Act
Bill HR 2852April 26, 2025
Drain the Swamp Act
Bill HR 2857April 26, 2025
Stop Arctic Ocean Drilling Act of 2025
Bill HR 2848April 26, 2025
Michael Enzi Voluntary Protection Program Act
Bill HR 2844April 26, 2025